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CIPS L4M2 Exam - Topic 9 Question 13 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 13
Topic #: 9

[All L4M2 Questions]

Which of the following statements is the best definition of 'value engineering?

AAnalysing perceived value after the product is available for sale

BBuilding value into a new product from design stage onwards

CProducing good value products right first time.

DValue achieved by an engineering department

Show Suggested Answer

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 Roosevelt at Mar 02, 2023, 08:02 PM

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Nobuko

8 months ago

D seems off to me. Isn’t value engineering broader than just one department?

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Dortha

8 months ago

C sounds good too, but it’s more about execution, right?

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Ressie

9 months ago

Really? I thought value engineering was more about cost-cutting.

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Bernardine

9 months ago

Totally agree with B! It’s all about building value from the start.

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Marquetta

9 months ago

I think B is the best choice. Value engineering starts at design.

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Cherrie

9 months ago

D seems too vague; I don’t recall any definition linking value engineering specifically to just the engineering department.

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Lawana

9 months ago

C sounds familiar too, but I feel like it’s more about quality assurance rather than value engineering itself.

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Cyril

9 months ago

I remember something about analyzing value after a product is out, but that feels more like a review process. Not sure if A fits.

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Clorinda

9 months ago

I think value engineering is about building value from the design stage, so maybe B is the right choice?

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Elenore

9 months ago

I'm a bit unsure about this one. I'll need to review the options carefully and try to eliminate the less likely causes first.

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Yasuko

9 months ago

I'm not entirely sure about the purpose of a Catalog Item variable. It could be used to open a chat session with customer support, but I'm not confident that's the correct answer. I'll have to review my notes to see if I can figure this out.

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Nu

10 months ago

This one seems pretty straightforward. I'll go with dumpster diving - that's the technique used to search for improperly disposed-of documents, right?

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Elsa

1 year ago

I'm going with B. Designing for value is the whole point of value engineering. Although, if I was an engineer, I'd want to be the one to 'achiElsa' that value, am I right?

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Tyra

1 year ago

Hillary: Engineers play a crucial role in achieving that value.

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Hillary

1 year ago

User 2: Definitely, that's the essence of value engineering.

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Ruby

1 year ago

User 1: I agree, designing for value from the start is key.

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Hermila

1 year ago

D) Value achieved by an engineering department. Come on, that's just nonsense. Value engineering is a methodology, not a departmental achievement.

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Joanna

1 year ago

C) Producing good value products right first time. That's the goal of value engineering, isn't it? Get it right from the start and save a ton of time and money.

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Margot

1 year ago

Hmm, I'm not sure. I thought value engineering was more about analyzing and improving the value of an existing product. Option A seems closer to the mark.

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Polly

1 year ago

I think value engineering is about achieving value through the engineering process. So, option D might be the correct choice.

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Gayla

1 year ago

I agree with you. Option A seems to be the best definition of value engineering.

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Joanna

1 year ago

I see your point, but I believe it's more about producing good value products right the first time. Option C makes sense to me.

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Michael

1 year ago

I think value engineering is about building value into a new product from the start. So, option B.

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Pamella

1 year ago

B) Building value into a new product from design stage onwards. That's exactly what value engineering is all about - designing for value from the beginning.

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Lazaro

1 year ago

C) Producing good value products right first time.

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Helga

1 year ago

B) Building value into a new product from design stage onwards

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Chau

1 year ago

A) Analysing perceived value after the product is available for sale

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Chaya

1 year ago

I'm not sure, but I think C) Producing good value products right first time could also be a good definition.

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Rolf

1 year ago

I agree with Irma, because it's important to consider value from the beginning.

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Irma

1 year ago

I think the best definition is B) Building value into a new product from design stage onwards.

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