I have a ul consisting of several li's in it. Now I wanted to add Edit And Delete option infront of every li so that it can be Edited or Deleted on click. 
How can i do this ?
Thanks in Advance for any help :)
I have a ul consisting of several li's in it. Now I wanted to add Edit And Delete option infront of every li so that it can be Edited or Deleted on click. 
How can i do this ?
Thanks in Advance for any help :)
You can use CSS trick to perform inplace edit on span's and jQuery#remove() for deleting li's.
Idea is to hide the text when Edit is clicked and show textbox and vice-versa on click of Delete.
$('button.edit').click(function(){        
    var label_element = $(this).parent().find('span'),
        input_element = $(this).parent().find('input');
    label_element.addClass('editing');        
    input_element.val(label_element.text());
    input_element.addClass('editing');
});
$('button.delete').click(function(){        
    $(this).parent().remove();
});
 $('input').blur(function(){        
    var label_element = $(this).parent().find('span');
    label_element.text($(this).val());
    $(this).removeClass('editing');
    label_element.removeClass('editing'); 
});
I strongly suggest you use Jquery or another library to handle cross browser issues. Anyway, here is the solution with pure javascript... it should work in all modern browsers recent versions.
<ul class="fa-ul">
  <li>
    <span> BE/ BTech/ MCS </span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
  <li>
    <span> Solid </span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
  <li>
    <span> Strong </span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
  <li>
    <span> Sharp </span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
  <li>
    <span> Ability</span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
  <li>
    <span> Deal problems</span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
  <li>
    <span> Strong </span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
  <li>
    <span> Excellent </span>
    <button class="remove">Delete</button>
    <button class="edit">Edit</button>
  </li>
</ul>
var removeClassElements = document.getElementsByClassName('remove');
for(var i = 0; i < removeClassElements.length; i++){
  var element = removeClassElements[i];  
  element.addEventListener('click', remove);
}
var editClassElements = document.getElementsByClassName('edit');
for(var i = 0; i < editClassElements.length; i++){
  var element = editClassElements[i];  
  element.addEventListener('click', edit);
}
function remove() {
  var li = this.parentNode;
  var ul = li.parentNode;  
  ul.removeChild(li);
}
function edit() {
  var li = this.parentNode;
  var span = li.children[0];
  span.setAttribute('contenteditable', true);
  span.focus();
}
PS: You don't need class="lead justified" in each li element. You can use a CSS rule like this:
.fa-ul li span:first-child {...}
See this DEMO
$('ul li').each(function () {
    $(this).append('<a class="delete" href="#">Delete</a>  <a href="#" class="edit">Edit</a>')
});
$('ul li a.delete').on('click', function () {
    $(this).parent().remove();
    return false;
});
$('ul li a.edit').on('click', function () {
    var val = $(this).siblings('span').html();
    if (val) {
        $(this).parent().prepend('<input type="text" class="txt" value="' + val + '" />');
        $(this).siblings('span').remove();
        $(this).html('Update');
    } else {
        var $txt = $(this).siblings().filter(function() { return $(this).hasClass('txt') });
        $(this).parent().prepend('<span class="lead justified">' + $txt.val() + '</span>');
        $txt.remove();
        $(this).html('Edit');
    }
    return false;
});
<ul class="fa-ul">
  <li><span class="lead justified"> BE/ BTech/ MCS </span><a href="#" onclick="remove()">Delete</a><a href="#" onclick="edit(this)">Edit</a></li>...
The function edit(this) is given incorrectly and this links to <a>Edit</a>.
You should add id property to the <span>.
<li><span class="lead justified" id="foo"> BE/ BTech/ MCS </span><a href="#" onclick="remove()">Delete</a><a href="#" onclick="edit(foo)">Edit</a></li>
<script>
function edit(target) {
     target.contenteditable = true;
}
</script>
You need do change some changes in your markups, You can take <div> instead of <span> and can apply HTML5's attribute contenteditable
Sample Markup
<li>
    <div class="lead justified">BE/ BTech/ MCS</div>
    <a href="#" onclick="remove(this)">Delete</a>
    <a href="#" onclick="edit(this)">Edit</a>
</li>
Script
Edit
function edit(elem){
    $(elem).siblings('div.lead').attr('contenteditable',true);
}
Delete
function remove(elem){   
    $(elem).closest('li').remove(); // Deletes li
    return false;
}