What is the first step in conducting value engineering/value analysis?
A)Estimate the value of each function in a product.
B)Identify the functional purposes of a product.
C)Compare the importance and cost of each function.
D)Ask suppliers to provide cost information.

Question

Quizplus · Accepted Answer

The first step in conducting value engineering/value analysis is to identify the functional purposes of a product. This involves understanding the intended use and performance of the product and breaking it down into its key functions. Only then can the value of each function be estimated and compared to the cost, and suppliers can be asked for cost information.

What Is the First Step in Conducting Value Engineering/value Analysis