Value Engineering

Question 1

What is the main principle of value engineering?

Answer 1

Providing the necessary functions at the lowest cost

Question 2

What costs have to be considered for value engineering?

Answer 2

1. Production,
2. Design,
3. Maintenance
4. Replacement

Question 3

How is value engineering achieved?

Answer 3

It happens during the design stage, where materials and methods are substituted for cheaper materials