In this article we will visit what is value engineering and checklist points for value engineering projects. Value engineering in simple is used to determine good design, reduce cost, improve quality, increase reliability and enhance customer satisfaction.
Various areas of a product looked into in value engineering are Material, Standard Parts, Number of parts, Weight, Tooling, Reliability, Maintainability and Process Lead time.
Following are some of the check points can be used as checklist in value engineering,
Let us know what are other checklists points used by you or in industry for improving the return by value engineering.