Trend Technology Value Engineering Mock Test

Value Engineering

What is Value Engineering?

• A formal process that breaks components of a project into functions.
• A team of experts identifies solutions that will satisfy the functions
• 80% of a project’s cost can be found in 20% of the items

Value Engineering is:

• Systematic problem solving process
• Multi-discipline team approach
• Life-cycle cost oriented
• Value oriented (measurement of scope performance/project costs)
• Function-based analysis
• Free of normal design restrictions
• A proven management technique

What Value Analysis Can Do

•  Focus on the “big picture”
•  Improve decision making
•  Develop realistic budgets
•  Ensure required functions are addressed
•  Enhance understanding of total project
•  Challenge paradigms
•  Identify and remove unnecessary costs
•  Accelerate the design process
•  Encourage cross-discipline communication

Below are the Practice question with answer of the Trend Technology Value Engineering Mock Test.

For more questions you can download this document Vaue Engineering PDF.