Which of the following is true regarding value engineering?
A) Value engineering occurs only after the product is selected and designed.
B) Value engineering is the same as value analysis.
C) Value engineering is oriented toward improvement of design.
D) Value engineering occurs during production when it is clear the product is a success.
E) Value engineering can save substantial amounts of product cost, but quality suffers.

Question

Quizplus · Accepted Answer

Value engineering is focused on improving the design of the product in order to increase value and reduce costs, and typically takes place during the design phase of the product development process. It is not the same as value analysis. The goal of value engineering is to optimize the balance between cost, performance, and quality, not sacrifice quality for cost savings.

Which of the Following Is True Regarding Value Engineering