Transcription of VALUE ENGINEERING AND VALUE MANAGEMENT …
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VALUE ENGINEERING AND VALUE MANAGEMENT …
Page 1 A Client Practice Note by Dr Roy Barton, Australian Centre for VALUE MANAGEMENT (ACVM) VALUE ENGINEERING AND VALUE MANAGEMENT IS THERE ANY DIFFERENCE? Many a time, one is often asked What is the difference between VALUE MANAGEMENT and VALUE ENGINEERING ? This practice note shall deal with this question in the context of the Singapore construction sector. In Singapore, as in other parts of the world, the terms VALUE ENGINEERING and VALUE MANAGEMENT are sometimes used synonymously and sometimes as though they are different processes. What actually makes them different, however, is usually not defined.
Page 2 A Client Practice Note by Dr Roy Barton, Australian Centre for Value Management (ACVM) VALUE ENGINEERING AND VALUE MANAGEMENT – IS THERE ANY DIFFERENCE? guiding our decision not to distinguish between the terms.
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