Software component reuse is the software engineering practice of developing new software products from existing components. A reuse library or component reuse repository organizes stores and manages reusable components. This paper describes how a reusable component is created, how it reuses the function and checking if optimized code is being used in building programs and applications. Finally providing coding guidelines, standards and best practices used for creating reusable components and guidelines and best practices for making configurable and easy to use.