41 U.S.C. § 1711

Value engineering

Each executive agency shall establish and maintain cost-effective procedures and processes for analyzing the functions of a program, project, system, product, item of equipment, building, facility, service, or supply of the agency. The analysis shall be—

(1)

performed by qualified agency or contractor personnel; and

(2)

directed at improving performance, reliability, quality, safety, and life cycle costs.

( Pub. L. 111–350, § 3 , Jan. 4, 2011 , 124 Stat. 3718 .)