The document provides an overview of business value engineering (BVE) concepts and frameworks. It defines BVE as an approach to continuously improving delivery of business value to customers through incremental changes. The document then outlines several key elements of a BVE framework, including: defining business value for a given project, mapping current processes, identifying underlying assumptions, developing a business value model, and testing improvements through a plan-do-check-act cycle. The goal of BVE is to better link product development to realized business value for key stakeholders.