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CIPS Exam L3M2 Topic 2 Question 21 Discussion

Actual exam question for CIPS's L3M2 exam

Question #: 21
Topic #: 2

[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.

AProduct analysis

BCost analysis

CValue analysis

DPrice analysis

Show Suggested Answer

Suggested Answer: C

Value analysis.

This is simply a distinction between VA and VE.

by Narcisa at Sep 15, 2024, 07:26 PM

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Claribel

2 months ago

Haha, this one's a no-brainer. Value analysis is the way to go when you're trying to optimize an existing product. Cost analysis is for bean counters, not engineers!

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Rebbecca

2 months ago

I was torn between C and D, but value analysis makes more sense since it's focused on the product itself, not just the price.

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Domingo

1 months ago

Product analysis could also be important to understand the features and quality of the product.

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Arthur

1 months ago

Yeah, cost analysis would be more about the expenses involved in making the product.

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Karan

1 months ago

I agree, value analysis looks at the overall value of the product, not just the price.

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Tabetha

2 months ago

Value analysis is the correct answer. It's applied to existing products, not new product design like value engineering.

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Arminda

2 months ago

Value analysis is the correct answer. It's applied to existing products, not new product design like value engineering.

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Rikki

2 months ago

D) Price analysis

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Lenna

2 months ago

C) Value analysis

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Herman

2 months ago

B) Cost analysis

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Elenora

2 months ago

A) Product analysis

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Barb

2 months ago

I'm not sure, but I think B) Cost analysis could also be a possibility.

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Camellia

3 months ago

I agree with Floyd, value analysis makes sense for established products.

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Floyd

3 months ago

I think the answer is C) Value analysis.

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