1705. Systematic evaluation of value chain, to reduce costs and high quality to achieve satisfied customers is known as

A. reverse engineering
B. value engineering
C. target engineering
D. operation engineering
✅ The correct answer is option B.
Systematic evaluation of value chain, to reduce costs and high quality to achieve satisfied customers is known as value engineering. Value engineering is a systematic and organized approach to providing the necessary functions in a project at the lowest cost. Value engineering promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality.

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