INTRODUCTION
1.1.1 Value Engineering is an organized attempt to analyze the functions of a
product, system, or process in order to achieve these functions at the lowest possible
cost. VE requires a change of attitudinal complexes in the whole organization. A
definite mindset change is necessary before a value engineering project can be
started. The entire organization must be involved and labor together to achieve the
desired objectives. The basic tenets of VE include cost-reduction and maintenance or
improvement in the necessary function of each and every part/component used in the
manufacture of the total product.