Paper Title
Integrated Model Of Value Engineering And Risk Management Approaches In Empowerment Projects (The Exterior Design)

Advantages of using two valuable approaches of value engineering and risk management in projects has a long history and their effectiveness in better implementation of projects is proved. In this article we have tried to put a greater emphasis on project construction phase. The suggested model is simple, functional and as much as possible away from the problems of previous researches by combining value and risk. "Optimized value index" is a result of the "risk factor" multiplied by the normal value index. This index is a measure for decision of value engineering team and facilitates the decision-making with clarifying the advantages and disadvantages of each idea. Key words- value, risk, integration, optimization index