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.

Value Engineering

A systematic process aimed at increasing the value of a product, project, or service by examining its functions, improving performance, and ensuring cost efficiency.

Value Analysis

A systematic approach to assess the functionality of goods and services with the goal of reducing cost without compromising on quality.

Reducing Costs

A process aimed at lowering the overall expenses involved in running a business or producing goods and services.