Cheng Hu
Abstract
The following paper introduces the concept of cost control and value engineering,illustrates general procedures to apply value engineering in project management,combined with the project example,it discusses the application in construction cost item management,in order to make technology and economy combined optimally.
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The following paper introduces the concept of cost control and value engineering,illustrates general procedures to apply value engineering in project management,combined with the project example,it discusses the application in construction cost item management,in order to make technology and economy combined optimally.
Key concepts: Value engineering, Cost engineering, Earned value management, Cost accounting, Value (mathematics), Control (management), Risk analysis (engineering), Cost control