CIPS Exam A7 Topic 1 Question 64 Discussion

Actual exam question for CIPS's A7 exam

Question #: 64
Topic #: 1

In a new product development programme, which of the following stages is likely to yield the greatest cost savings as a result of a value engineering exercise?

ADetailed design

BPrototype production

CConceptual design

DMarket launch

Show Suggested Answer

Suggested Answer: A

by Pok at Jul 15, 2024, 08:44 AM

Limited Time Offer

25%

Off

Get Premium A7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jacquelyne

4 months ago

Hmm, I'm going with B) Prototype production. That's where the rubber meets the road, and you can really optimize the design.

upvoted 0 times

Cherry

3 months ago

I see your point, but I still believe B) Prototype production is where the real savings can be made.

upvoted 0 times

...

Andra

3 months ago

I think C) Conceptual design is also important for laying the foundation for cost-effective solutions.

upvoted 0 times

...

Ashlyn

3 months ago

I agree, B) Prototype production is crucial for cost savings.

upvoted 0 times

...

Tequila

4 months ago

D) Market launch, duh! That's where the real money is at. Everything before that is just foreplay.

upvoted 0 times

Jeannetta

2 months ago

D) Market launch, duh! That's where the real money is at. Everything before that is just foreplay.

upvoted 0 times

...

Loreta

3 months ago

D) Market launch

upvoted 0 times

...

Lavina

3 months ago

C) Conceptual design

upvoted 0 times

...

Cherrie

3 months ago

B) Prototype production

upvoted 0 times

...

Elke

3 months ago

A) Detailed design

upvoted 0 times

...

Bette

4 months ago

I see your point, Dorian. But I think C) Conceptual design is where we can make the most impactful changes to reduce costs.

upvoted 0 times

...

Dorian

4 months ago

I disagree, I believe it would be B) Prototype production because that's where we can identify and eliminate any unnecessary costs.

upvoted 0 times

...

Teri

5 months ago

I think the greatest cost savings would come from A) Detailed design.

upvoted 0 times

...

Toi

5 months ago

I think the answer is C) Conceptual design. Catching design issues early can save a ton of money down the line.

upvoted 0 times

Cheryll

3 months ago

Prototype production can also be a stage where cost savings can be significant.

upvoted 0 times

...

Emelda

4 months ago

I think it's important to focus on the conceptual design stage for cost savings.

upvoted 0 times

...

Lorean

4 months ago

I agree, catching design issues early on can definitely save a lot of money.

upvoted 0 times

...

Wai

4 months ago

Market launch is important, but it's not where the greatest cost savings from value engineering typically occur.

upvoted 0 times

...

Fatima

4 months ago

Prototype production can also yield cost savings by identifying any manufacturing issues before mass production.

upvoted 0 times

...

Phillip

4 months ago

I agree, catching design issues early on in the conceptual design stage can definitely save a lot of money.

upvoted 0 times

...