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VALUE ENGINEERINGVALUE ENGINEERINGPROJECTPROJECTTATA NANOTATA NANO
PRESENTED BY:PRESENTED BY:Kartik Ayyar (PRN 08020771001)Kartik Ayyar (PRN 08020771001)Arpit Desai (PRN: 08020771002)Arpit Desai (PRN: 08020771002)Abhishek Kumar (PRN 08020771003)Abhishek Kumar (PRN 08020771003)Deepak Kumar (PRN: 08020771004)Deepak Kumar (PRN: 08020771004)
 
What is Value Engineering?What is Value Engineering?
The systematic application of recognizedThe systematic application of recognizedtechniques thattechniques that
a) identify the function of a product or a servicea) identify the function of a product or a service
b) establish a monetary value for that function,b) establish a monetary value for that function,andand
c) provide the necessary function reliably at thec) provide the necessary function reliably at thelowest overall costlowest overall cost
A process that can improve quality,A process that can improve quality,constructability and lower life-cycle costsconstructability and lower life-cycle costs
 
Why do Value Engineering?Why do Value Engineering?
To identify and remove unnecessaryTo identify and remove unnecessarycosts without compromising thecosts without compromising thequality and reliability of the design.quality and reliability of the design.
It can be applied during conceptualIt can be applied during conceptualdesign (top down)or designdesign (top down)or designrefinement (bottom up).refinement (bottom up).
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