As a new management technology, value engineering has been used in many fields since the late 1940s, such as production and operations management, purchase of materials, product design and financial supervision, etc. , especially it has been widely spread in the area of construction. According to the foreign statistical data, using value engineering can reduce production cost by 30%. China is a developing country. Even though it is investing huge number of money with infrastructure every year, the value engineering hasn't been used in construction management. So this thesis discussed its application in the construction management in an attempt to promote and innovate the construction management technology in China.