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CIPS Exam L3M2 Topic 3 Question 33 Discussion

Actual exam question for CIPS's L3M2 exam
Question #: 33
Topic #: 3
[All L3M2 Questions]

The main difference between value engineering and XXXXX XXXXX is that whereas value engineering is applied to new product design at the pre-manufacturing stage, XXXXX XXXXX is applied to established products that are already being manufactured and sold in the market.

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Suggested Answer: C

Value analysis.

This is simply a distinction between VA and VE.


Contribute your Thoughts:

Clemencia
4 days ago
Product analysis? That's more about understanding the product itself, not increasing its value. Value analysis is the clear winner.
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Bernadine
5 days ago
Haha, price analysis? As if that has anything to do with improving the value of a product. Good one!
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Caren
6 days ago
Cost analysis? Nah, that's more about evaluating the expenses, not the value. Value analysis is the way to go here.
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Leandro
11 days ago
Ah, got it! Value analysis is the process of improving the value of a product by reducing costs without compromising its functionality.
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Frederica
17 days ago
Value analysis is the correct answer. It's applied to existing products, not new product design like value engineering.
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Colette
18 days ago
But wouldn't product analysis also be important for established products?
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Juan
20 days ago
I agree with Daniel, value analysis makes sense for established products.
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Daniel
1 months ago
I think the answer is C) Value analysis.
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