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

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

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

To divert the resources from noncritical advanced activities to critical activities
All of these
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

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