Value engineering entails improvements in product designs, and changes in materials specifications.

Question

Quizplus · Accepted Answer

Value engineering refers to a systematic process of investigating and analyzing the components of a product or system in order to find opportunities for improvement in design, materials, and functionality. The goal of value engineering is to enhance the value of a product or service by reducing costs, improving quality and reliability, and increasing functionality and performance. Therefore, it involves improvements in product designs and changes in materials specifications.

Value Engineering Entails Improvements in Product Designs, and Changes in Materials