Value engineering is a structured process which seeks to remove unnecessary cost without impairing function (or value). Value management is a holistic process that seeks to understand and define what constitutes value within a project. This procedure does not set out to replicate the considerable body of knowledge related to this field. Value Management key outputs are a series of value objectives that must be achieved.
- To be able to relate the value engineering concept to cost, process, machinery and price, this will help students make decisions accordingly for a cost effective product
|Attachment Name||Attachment Type|
|TID 7205: Value Engineering and Value Management||DOC||PS|