Value engineering is?
A) Reducing new product cost by use of readily available parts
B) Use of cheaper materials and simpler designs
C) Both reducing new product cost by use of readily available parts and use of cheaper materials and simpler designs
D) Neither reducing new product cost by use of readily available parts nor use of cheaper materials and simpler designs

Question

Quizplus · Accepted Answer

Value engineering is about identifying and eliminating unnecessary costs without sacrificing the quality or function of the product. This can be achieved through both reducing new product cost by use of readily available parts and use of cheaper materials and simpler designs. The goal is to find the most cost-effective ways to produce a product without compromising its value.

Value Engineering Is