In the world of value engineering it is critical to have a knowledge of how cost elements are built up in different industries. Only with knowledge can engineers control and improve costs. Cost is also a key focus area in certification programmes. Value engineering practitioners and students can find it difficult to assimilate the financial aspects required for qualifying the certification test.

Keeping all this in mind, this book builds on the concept of cost elements, chapter by chapter. Different methods of costing are discussed in separate chapters. Each chapter supports the learning process through solved examples that clarify concepts.

At the end of each chapter, objective type questions and problems are provides. The book is meant to be user-friendly and is focused on building an affinity for cost, through a simplified approach.