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Value engineering

Unit 8: Cost ReductionTopic 2 of 3
Browse the Cost and Management Accounting syllabus

Cost and Management Accounting

8 units
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What the syllabus expects

  • Concept, advantages, tools and techniques for cost reduction

Value engineering

Bachelor of Business Studies (BBS) — Second Year

Subject: Cost and Management Accounting (MGT 212)

Unit 8: Cost Reduction

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of value engineering.
  • Prepare the relevant cost records or calculations and interpret their use in managerial planning and control.

Curriculum Scope

  • Concept, advantages, tools and techniques for cost reduction

Detailed Microsyllabus

  1. Value engineering

    1. Function and required performance of a product or process.
    2. Value relative to resource cost.
    3. Opportunities during design and development.

  2. Reduction tools

    1. Functional analysis and alternative design ideas.
    2. Evaluate cost, feasibility and performance.
    3. Select and implement justified improvements.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 31-34.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here.