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CIMAPRO19-P02-1 Exam - Topic 7 Question 129 Discussion

In order to remain competitive an organization wishes to achieve cost savings for one of its existing products.Which of the following correctly describes methods which the organization can use to achieve these cost savings?Select ALL that apply.
D) Value analysis is examining a product's costs in order to achieve its purpose at a reduced cost while maintaining its reliability and quality. and E) Kaizen costing is seeking to make cost savings by continuously making small incremental cost reductions while the product is in production.
A) Functional analysis is carried out only on existing products and is concerned only with minimizing the cost of the originally defined functions of a product.
B) Value engineering is a fundamental rethinking and radical redesign of an organization's existing processes.
C) Target costing is continuously setting new stretch targets while the product is in production.

CIMAPRO19-P02-1 Exam - Topic 7 Question 129 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 129
Topic #: 7
[All CIMAPRO19-P02-1 Questions]

In order to remain competitive an organization wishes to achieve cost savings for one of its existing products.

Which of the following correctly describes methods which the organization can use to achieve these cost savings?

Select ALL that apply.

Show Suggested Answer Hide Answer
Suggested Answer: D, E

by Adaline at Jun 26, 2026, 03:50 AM

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Odette
I feel like value analysis (D) and kaizen costing (E) are definitely methods for achieving cost savings, especially with maintaining quality and making small changes.
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Henriette
5 days ago
Target costing sounds familiar, but I thought it was more about setting targets before production starts, not during, so I’m unsure about C.
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Ocie
10 days ago
I remember value engineering being about redesigning processes, but I’m not confident if it’s as radical as option B suggests.
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Domonique
15 days ago
I think functional analysis is more about understanding functions rather than just minimizing costs, so I'm not sure about option A.
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