Cost engineering is a scientific technique to improve the value of analysing specific features. Value as described is the
ratio of feature to value. Cost engineering is the systematic utility of characteristic–oriented techniques by means of a multidisciplined crew to analyse and enhance the cost of a product, procedure or service. fee engineering is considered as a tool of
production management which could help to improve the strategies, services and very last merchandise regarding the wishes,
with appreciate to time, value and pleasant. The v.e. technique has evolved from previous strategies primarily based on the idea
of value and useful approach. Cost engineering is a technique used to investigate the feature of the goods and offerings and to
gain the required features of the consumer at the bottom total value without reducing the important quality of performance.
Production cost modelling (c.c.m.) is a beneficial device in which the fee is disproportionately excessive whilst considering their
function.
