Hostname: page-component-78c5997874-fbnjt Total loading time: 0 Render date: 2024-11-06T02:37:32.492Z Has data issue: false hasContentIssue false

Value Engineering — A Challenge to Management

Published online by Cambridge University Press:  04 July 2016

L. W. Crum*
Affiliation:
Design Services, Aero Engine Division, Rolls-Royce Ltd

Extract

“I believe that everything made in England is costing too much for export. Everybody must do more and better work if we are to keep our present standard of life, or they must make better use of less money”.

Sir Henry Royce 1931

Students of history or economics would not be in any way surprised to read this quotation, declaring it to be nothing more than a visionary's warning and the often characteristic habit of history repeating itself, since the words seem more fitting to the problems facing the country today than in the grim early 1930s when the whole world was suffering from a serious trade recession. Although increased efficiency, on the lines suggested by Sir Henry, would no doubt have alleviated this country's problems, it is most doubtful whether under such adverse world conditions it would have been sufficient by itself.

Type
Value for Money
Copyright
Copyright © Royal Aeronautical Society 1970 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1. Rowley, D. Improvements in Management Control of Complex Products. Journal of the Royal Aeronautical Society, Vol 71, pp 201204, March 1967.Google Scholar
2. Hotz, R. Britain's Tragic Failure. Aviation Week and Space Technology, January 22nd 1968.Google Scholar
3. Keenan, J. G. Project Management in an Aero Space Firm. Journal of the Royal Aeronautical Society, Vol 71, pp 824826, December 1967.Google Scholar
4. Blackwell, B. D. and Reid, A. V. N. Development Management and Cost Control. Journal of the Royal Aeronautical Society, Vol 69, pp 813824, December 1965.Google Scholar
5. Management Studies in the Field of Aeronautics. Journal of the Royal Aeronautical Society, Vol 71, pp 329348, May 1967.Google Scholar
6. Practical Applications of Planning Development Pro grammes and New Management Techniques. Journal of the Royal Aeronautical Society, Vol. 71, pp 193201, March 1967.Google Scholar
7. Petruschell, R. L. Project Cost Estimating. Journal of the Royal Aeronautical Society, Vol. 71, pp 737744, November 1967.Google Scholar
8. Stratton, A. The Principles and Objectives of Cost- Effectiveness Analysis. The Aeronautical Journal of the Royal Aeronautical Society, Vol 72, pp 4353, January 1968.Google Scholar
9. Davies, H. The Management of Cost Reduction— Method or Myth. Journal of the Royal Aeronautical Society, Vol 70, pp 639648, June 1966.Google Scholar
10. Fouch, G. E. SAVE Communications for December 1967.Google Scholar
11. Ewans, J. R. Cost Reduction and Cost Avoidance by Value Engineering. Journal of the Royal Aeronautical Society, Vol 71, pp 93116, February 1967.Google Scholar