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CIPS Exam L4M2 Topic 10 Question 49 Discussion

Actual exam question for CIPS's L4M2 exam
Question #: 49
Topic #: 10
[All L4M2 Questions]

Which of the following are typically reasons why an organisation implements value analysis? Select TWO that apply:

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Suggested Answer: C

The buying organisation is keen to encourage innovation so they should use the outcome or output based specification. In an outcome-based specification, umbrella statements like 'good quality', 'ambient temperature', 'convenient way' are often used. This may confuse the suppliers, and it's hard to check the solution that supplier offers. On the other hand, ouput-based specifications often include measurable requirements. For example, a specification for air conditioning system states that the system should maintain the room temperature at 19-24 degrees Celsius. Therefore, output specification is more appropriate in this case.


LO 3, AC 3.1

by Chaya at Oct 21, 2024, 06:03 PM

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Emogene
1 months ago
Wait, is this exam sponsored by the 'Department of Redundancy Department'? A and E sound pretty much the same to me!
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Alesia
1 months ago
Ah, I see now. C and E are the way to go. Value analysis is all about shaping the supply market and finding cost optimization opportunities.
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Merilyn
1 months ago
Haha, I bet the person who wrote this question was trying to trick us. B is totally off-base - value analysis is not about determining if there are surplus funds!
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Vivan
9 days ago
Yeah, I agree. B doesn't make sense at all in the context of value analysis.
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Brynn
14 days ago
E) To find cost reduction opportunities by optimising the components used
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Peggie
26 days ago
A) To determine the value of each component used
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Alexia
2 months ago
Hmm, I'm not so sure about B and D. Those options seem more like high-level business considerations rather than the typical reasons for value analysis.
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Paris
7 days ago
E) To find cost reduction opportunities by optimising the components used
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Tamesha
20 days ago
C) To shape and manage supply market
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Wai
26 days ago
A) To determine the value of each component used
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Osvaldo
2 months ago
I think A and E are the correct answers. Value analysis is all about finding ways to optimize the components used and drive cost reductions.
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Derick
2 months ago
I'm not sure about E. I think it could also be D for the business case.
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Luis
2 months ago
I agree with Maxima. A and E make sense for value analysis.
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Maxima
2 months ago
I think the reasons are A and E.
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