Open AccessVALUE ANALYSIS USING FUNCTION ANALYSIS SYSTEM TECHNIQUE(FAST)
Author(s) -
Aditya Pokhriyal
Publication year - 2020
Publication title -
international journal of engineering applied science and technology
Language(s) - English
Resource type - Journals
ISSN - 2455-2143
DOI - 10.33564/ijeast.2020.v05i01.118
Subject(s) - value (mathematics) , function (biology) , computer science , statistics , mathematics , biology , evolutionary biology
Value Engineering is a systematic process to improve the value of the product. It is the functional concept which distinguishes Value Engineering from many approaches to cost reduction. Function analysis is part of value analysis as its purpose is to identify product functions compared to cost and price; design and construction assessment is done. FAST is a Technique that identifies and illustrates the essential function to accommodate a design purpose. This paper will provide instruction to build FAST diagrams for the enhancement of the project. Keywords— Value, Function, critical path, High order, and low order