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SECTION 1 WHAT IS VALUE ENGINEERING? 1 SCOPE This section describes the concept of value engineering and its scope of application. 2 REFERENCES The following standards contain provisions which, through reference in this text, constitute provisions of this standard. At the time of publication, the editions indicated were valid. All standards are subject to revision and parties to agreements based on this standard are encouraged to investigate the possibility of applying the most recent editions of the standards indicated below: IS No. Title 9990 : 1998 Glossary of terms in terotechnology (first revision) 13174 (Part 1) : 1991 Life cycle costing: (Part 1) : 1991 Terminology (Part 2) : 1994 Methodology SECTION 2 GLOSSARY OF TERMS IN VALUE ENGINEERING 6 SCOPE This section is intended to define and explain the terms commonly used in value engineering. SECTION 3 ADOPTION AND EXECUTION OF VALUE ENGINEERING IN AN ORGANIZATION 9 SCOPE This section deals with actual adoption and execution of value engineering in an organization.