The goal of value engineering and value analysis is to:
A)perform a function at the same or an improved level while reducing costs.
B)analyze the value-added from engineering services and production.
C)analyze functions to satisfy all needed quality requirements at any cost.
D)define value of a function in technically accurate and precise language.
E)perform a function at an improved level at the same cost.

Question

Quizplus · Accepted Answer

The goal of value engineering and value analysis is to find ways to perform a function at the same or an improved level while reducing costs. This involves analyzing the function and identifying areas where costs can be streamlined without sacrificing quality or performance. Option B is incorrect because value analysis does not specifically analyze engineering services and production, but rather the value of a product or service. Option C is incorrect because value engineering does not prioritize meeting quality requirements at any cost, but rather optimizing value. Option D is incorrect because defining the value of a function in technically accurate language is not the ultimate goal of value engineering, though it may be a necessary step. Option E is incorrect because while improving function performance is a desired outcome, it must also come with a reduction in costs to achieve value.

The Goal of Value Engineering and Value Analysis Is To