____ is the organized and systematic study of every element of cost in a part,material,process,or service to ensure that it fulfills its design function at the lowest possible total cost.

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VA/VE stands for Value Analysis/Value Engineering, which involves analyzing the value of every element of cost in a product or service to ensure that it fulfills its function at the lowest possible cost. This is done by examining the product design, production process, and materials used, and then finding ways to improve the value and reduce the cost.

____ Is the Organized and Systematic Study of Every Element