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Describe the difference between value management and value engineering.
Value Engineering:
It is concerned all along with determining the cheapest method of accomplishing a previously agreed purpose.
Value Management:
It is extensive, broader and also encompasses attempts to acquire an agreed value for the purposes themselves.
(a) Give basic criteria for selecting an outsourcing supplier. (b) What do you understand by Request for Information and Request for Proposal (RFP)? (c) List down question
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Demand
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