PR665
 
																									  	  VALUE ENGINEERING
  
An overview of value engineering (VE) - Definition, Concepts and approaches of value analysis and engineering – 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
 
 
 Value analysis - Understanding the decision environment, Effect of value analysis on other work in the business.
 
 
 VE Team, Co-ordinate, designer, different services, definitions, construction management contracts, value engineering case studies, Effective organization for value work, function analysis system techniques-FAST diagram.
 
 
 REFERENCES
 - Parker,D.E.,” 	Value Engineering Theory”,  Sundaram publishsers, 1990. 
- Miles, 	L.D., “Techniques of Value Engineering and Analysis”, McGraw 	Hill Book Co., 2nd End., 1972 
- Tufty 	Herald, G.”Compendium on Value Engineering”, The Indo American 	Society, 1st Edn., 1983.