Abstract: Value engineering is an efficacious contraption for
administrators to make up their minds. Value perusals proffer the
gaffers a suitable instrument to decrease the expenditures of the life
span, quality amelioration, structural improvement, curtailment of the
construction schedule, longevity prolongation or a merging of the
aforementioned cases. Subjecting organizers to pressures on one
hand and their accountability towards their pertinent fields together
with inherent risks and ambiguities of other options on the other hand
set some comptrollers in a dilemma utilization of risk management
and the value engineering in projects manipulation with regard to
complexities of implementing projects can be wielded as a
contraption to identify and efface each item which wreaks
unnecessary expenses and time squandering sans inflicting any
damages upon the essential project applications. Of course It should
be noted that implementation of risk management and value
engineering with regard to the betterment of efficiency and functions
may lead to the project implementation timing elongation. Here time
revamping does not refer to time diminishing in the whole cases. his
article deals with risk and value engineering conceptualizations at
first. The germane reverberations effectuated due to its execution in
Iran Khodro Corporation are regarded together with the joint features
and amalgamation of the aforesaid entia; hence the proposed
blueprint is submitted to be taken advantage of in engineering and
industrial projects including Iran Khodro Corporation.