CIPS Exam L4M2 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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Elsa

22 days 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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Ruby

12 days ago

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

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Hermila

25 days 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

27 days 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

28 days 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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Joanna

6 days 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

14 days 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 months 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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