Engineering for Sustainable Value

Sustainability is increasingly recognised as a key approach to long-term high value creation along the entire engineering value chain. Engineering for sustainable value creation requires business models that systematically integrate each stage of the engineering value chain to maximise total value creation. There is a need for methods and tools to help companies deliver such sustainable value. This chapter presents a conceptual model of engineering for sustainable value, and a practical tool (i.e. Sustainable Value Analysis Tool) to elicit value uncaptured across the whole life cycle and uncover new value opportunities through a structured and visual approach. The tool has helped a number of engineering companies to innovate business models for sustainable engineering operations in global value networks.