The Purpose of Value Analysis/value Engineering (VA/VE) Is To

question 24

Multiple Choice

The purpose of value analysis/value engineering (VA/VE) is to:

• A)Simplify products and processes
• B)Improve the value that customers find in existing products
• C)Relate the customer's needs to technical specifications
• D)Meet budgets and improve the results of financial models
• E)Facilitate better cooperation between business functions

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Definitions:

Challenging

Presenting difficulty or demanding effort, but often providing a valuable opportunity for growth or learning.

Participatory Planning

A planning approach that involves all stakeholders in the decision-making process to ensure outcomes meet their needs and preferences.

Aligning Goals

The process of ensuring that individual objectives and actions are in line with the overall strategic direction of an organization.

Desired Outcomes

The specific results or goals that an individual or organization aims to achieve from its actions or strategies.