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Value engeenering

This topic has 5 replies, 2 voices, and was last updated 10 years ago by John Moffat.

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September 10, 2015 at 8:15 am #270957
maan87
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Hi sir..kindly explain the following
what is the difference between value engenring and value analysis..i only know both techniques for cost comtrolling.
Q2..diffence between mangemnt of cost and controlling cost
September 10, 2015 at 9:04 am #270971
John Moffat
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Neither term is mentioned in the syllabus for Paper F5!
However value analysis is examining the systems and design, value engineering is then modifying the systems and design (having done the analysis).
Managing and controlling costs mean the same.
September 10, 2015 at 9:09 am #270972
maan87
Member
- Topics: 119
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Thanx..actually i read this under target costing..
September 10, 2015 at 3:56 pm #271071
John Moffat
Keymaster
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Although it fits with target costing, it can not be specifically asked about 🙂
September 10, 2015 at 3:57 pm #271075
maan87
Member
- Topics: 119
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Hmm..thanx
September 10, 2015 at 4:24 pm #271093
John Moffat
Keymaster
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Our lectures stress the importance of re-examining the design (which is what this is referring to) but there is absolutely no need to refer to it in the exam as ‘value engineering’ 🙂
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