This paper deals with the effectiveness analysis of an engineering system, which has two units of different strengths in parallel and one unit as a cold standby unit. Failure times for all the units have negative exponential distribution whereas their repair times have general distribution. Single server caters the need for the system. The effectiveness analysis of the system is done by using regenerative point technique. The different measures of effectiveness such as mean sojourn time, mean time to system failure, availability, busy period, etc, are derived. Cost factors also taken into consideration.