👉 Discounted engineering, also known as discounted engineering or discounted engineering analysis, is a cost-saving approach used in product development where the engineering team estimates costs and designs with a reduced budget or a discounted rate compared to the standard market rate. This method is often employed when a product is in early stages of development or when there's uncertainty about the final product's specifications. By working with a lower budget, engineers can still create a functional prototype or design that meets basic requirements while minimizing upfront costs. However, this approach requires careful management to ensure that the final product meets quality standards and customer expectations, as cutting costs too aggressively can lead to compromised designs or increased expenses later on.
