Value Engineering Is a Systematic Study of Every Element of Cost

question 20

True/False

Value engineering is a systematic study of every element of cost in a material,item of equipment,service or construction project to ensure that every element of cost fulfills a necessary function and at the lowest possible total cost.

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Definitions:

Themes

Central ideas or underlying subjects that are prevalent or recurrent within a particular context or work.

Organizational Stories

Narratives shared within a company that capture significant events or milestones, and contribute to the organizational culture by encapsulating values, norms, and beliefs.

Themes

Central topics or ideas that are recurrent or pervasive in a particular piece of literature, discussion, or body of work.

Diagnose Culture

Involves examining and understanding the values, beliefs, and practices that shape the behavior of members within an organization or community.