The Goal of Value Engineering and Value Analysis Is To

question 1

Multiple Choice

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.

---

Definitions:

Critical Events

Significant occurrences that have a profound impact on an organization, requiring immediate attention and action.

Competitive Intelligence

The gathering and analysis of information about competitors' activities and strategies to inform business decision-making.

Formal Approach

A structured method or procedure in management and organization, characterized by established rules and regulations.

HR Planners

Professionals within an organization who are responsible for developing strategies to meet future workforce needs, matching human capital to business objectives.