Abstract: This chapter describes briefly the key aspects behind the derivation of precise radial velocities. I start by defining radial velocity precision in the context of astrophysics in general and exoplanet searches in particular. Next I discuss the different basic elements that constitute a spectrograph, and how these elements and overall technical choices impact on the derived radial velocity precision. Then I go on to discuss the different wavelength calibration and radial velocity calculation techniques, and how these are intimately related to the spectrograph's properties. I conclude by presenting some interesting examples of planets detected through radial velocity, and some of the new-generation instruments that will push the precision limit further.