PR458
VALUE ENGINEERING
An Overview Of Value Engineering-Concepts and approaches of value analysis and engineering - importance of value, Function - identity, clarify – analysis
Evaluation of VE-Evaluation of function, Problem setting system, problem solving system, setting and solving management - decision - type and services problem, evaluation of value
Results accelerators, Basic steps in using the systems
Understanding the decision environment, Effect of value analysis on other work in the business- Life Cycle Cost (LCC), Case studies
VE Level Of Effort-VE Team, coordinator, designer, different services, definitions, construction management contracts, value engineering case studies, Effective organization for value work, function analysis system techniques- FAST diagram, Case studies.
REFERENCES
Parker, D.E., “Value Engineering Theory”, Sundaram publishers, 1990.
Miles, L.D., “Techniques of Value Engineering and Analysis”, McGraw Hill Book Co., 2nd End., 1972
3. Khanna, O.P., “Industrial Engineering and Management”, Dhanpat Rai & Sons, 1993.