Identify the steps used in value engineering$/$value analysis for developing improvement in products and process designs. $($Check all that apply.$)$

Multiple select question.

Identifying the functional purposes of a product or component

Estimating the value $($benefits and costs$)$ of each function

Comparing the importance of each function with its cost

Separating various functions into two categories

Identifying the types of potential failures, modes for each failure type, and causes and effects of each failure mode

Implementing changes to the product design that maximize the value of a product