Industrial Engineering and Production Management
Value engineering aims at finding out the

Resale value of a product
Major function of the item and accomplishing the same at least cost without change in quality
Break-even point when machine requires change
Depreciation value of a product

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Industrial Engineering and Production Management
Critical Path Net Work helps an engineer

To concentrate his attention on critical activities
To be cautious for avoiding any delay in the critical activities to avoid delay of the whole project
All of these
To divert the resources from noncritical advanced activities to critical activities

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