The basic fundamental of Value Engineering

Abstract

This paper offers the fundamental essential of price Engineering and its special stages that can be implemented in any product to optimize its fee. A case observe is discussed of a bath fitting product in which the fabric of the product is modified according to the value engineering methodology. The fabric is selected such that the price is decreased without affecting the price of the product and its design. To discover the satisfactory possible alternative from the picks we've incorporated a device named as selection Matrix. Choice Matrix offers the most appropriate end result and is even smooth to use. hence the value is reduced because of the evaluation.