Cost Value Engineering (QSB4214)

This module is conducted by Sr Lee Wing Tey and co-lecturer Sr. Loo Seong King




Topics covered :-

a) Introduction to Value Management
b) Definition of Value Management
c) History and Philosophy of Value Management
d) Distinction between Value Engineering/Value Management/Value Analysis
e) Concept of Value, Cost, Function and Worth
f) Unnecessary Cost
g) Implementation of Value Management
h) Value Management Tools and Techniques
i) The Job Plan and Workshop
j) The Facilitator
k) Benefits of Value Management - Financial & Non-Financial
l) Problems and Constraints in Value Management
m) Case StudyThere is a mid term test in this module which covers 20% and an assignment which carries 20%. This assignment is a case study of projects that implemented value management in the industry.



This module comprises of 2 hours lecture and 2 hours tutorial once a week for 14 weeks.