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value engineering
An organized effort directed at analyzing the function of Department of Defense systems, equipment, facilities, procedures, and supplies for the purpose of achieving the required function at the lowest total cost of effective ownership, consistent with requirements for performance, reliability, quality, and maintainability.

 


Source: US DoD Joint Publication 1-02, DOD Dictionary of Military and Associated Terms (as amended through 9 June 2004).
 
 
 

 

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