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Definitions

Interior Design Services - 541410 NAICS (North American Classification System)
This industry comprises establishments primarily engaged in planning, designing, and administering projects in interior spaces to meet the physical and aesthetic needs of people using them, taking into consideration building codes, health and safety regulations, traffic patterns and floor planning, mechanical and electrical needs, and interior fittings and furniture. Interior designers and interior design consultants work in areas, such as hospitality design, health care design, institutional design, commercial and corporate design, and residential design. This industry also includes interior decorating consultants engaged exclusively in providing aesthetic services associated with interior spaces.

Source http://www.census.gov/epcd/ec97/def/54141.TXT

Value Engineering - The concept evolved from the work of Lawrence Miles - 1940
Value engineering is an organized approach to providing the necessary functions at the lowest cost.
Value engineering is an organized approach to the identification and elimination of unnecessary cost.

Value Engineering (synonymous with the terms value management and value analysis) is a professionally applied, function-oriented, systematic team approach used to analyze and improve value in a product, facility design, system or service - a powerful methodology for solving problems and/or reducing costs while improving performance/quality requirements. By enhancing value characteristics, Value Engineering increases the customer satisfaction and adds value to your investment. Value Engineering can be applied to any business or economic sector, including industry, government, construction and service. Using Value Engineering is a very successful long-term business strategy.

Sources http://www.misronet.com/valueeng.htm - http://www.vecourse.com/pri-demo/WhatisVE.htm


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