That sounds logical, but isn't really a thing in aerospace/space. Complicated high-energy systems have thousands of failure points. So to have any chance of success each failure point needs to be engineered below, by way of example, a 0.0001% chance of failure. That costs lots of money. But say one decides to accept more risk for less cost. Ok. So you switch from 0.0001 to 0.001 failure rates. You risk is now 10-fold higher at each failure point, but with thousands of failure points adding up you are now essentially doomed. And you haven't saved anything. The cost of 0.001 components isn't fundamentally different than the 0.0001 components were. SpaceX can save money though different business practices, by trimming people/money/contracts/compliance and such, but if you look at their rockets they are not fundamentally any less-perfect than anyone else's. They cannot afford to be. This is why rocket failures, like aircraft failures, are taken so seriously. There is an extremely fine line between "works ever time" and "never worked twice" with very little money to be saved between the two.
Across many areas, risk-v-cost math never really happens. It is either go or no go. Take CPU production. Intel spends billions at each of hundreds of fabrication step to push down miniscule error rates because any of a million errors can destroy a chip. There is no money to be saved by allowing any one process to become less than as perfect as it can possibly be. A detected slip from 0.0001 to 0.001 at any step would result in an entire fab being shut down in order to diagnose the problem. The marginal savings of a less-than-perfect process isn't worth the exponential increase in the risk of total system failure.