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An Analysis of Expectations in Industrial Value Engineering Projects

Author

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  • Erhard Teschl

    (Mendel University in Brno, Czech Republic)

Abstract

This exploratory study addresses the need to identify specific and holistic upfront expectations into industrial value engineering projects for best tailored preparation of an efficient project execution. The analysis includes a total base population of 90 projects, which were conducted between 2010 and 2018 in 16 different industries. Out of those, 63 projects had a narrower value engineering context and have been analyzed with the support of a CAQDAS tool (Computer Assisted Qualitative Data Analysis Software). Analytical results show that participants' expectations in value engineering projects vary depending on their industrial environments, but cope with existing studies on critical success factors for project management. Based on the findings the author recommends further research on fast project execution, closing the gap between trainingand project content as well as emphasizing the necessity of rigor with regards to the utilization and application of terminology, which includes sharpening the correct interpretation of value engineering, its tools and contents.

Suggested Citation

  • Erhard Teschl, 2018. "An Analysis of Expectations in Industrial Value Engineering Projects," European Journal of Business Science and Technology, Mendel University in Brno, Faculty of Business and Economics, vol. 4(2), pages 196-215.
    • Handle: RePEc:men:journl:v:4:y:2018:i:2:p:196-215
    DOI: 10.11118/ejobsat.v4i2.139
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    References listed on IDEAS

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    1. Ibusuki, Ugo & Kaminski, Paulo Carlos, 2007. "Product development process with focus on value engineering and target-costing: A case study in an automotive company," International Journal of Production Economics, Elsevier, vol. 105(2), pages 459-474, February.
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    More about this item

    Keywords

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    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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