What is the purpose or intended use of a product or service?

• Value Analysis

• Life Cycle Costing

• Function

• Cost

Off-Site pre fabrication is a method to achieve what in Value Engineering?

• Increase on site labour

• Extended Project Timelines

• Reduce on-site labour and construction time

• Increase Material usage

What is the primary objective of Value Engineering?

• Deliver necessary functions at the lowest cost

• Increase Project Complexity

• Increase material use

• Extended Project timelines

What is a common method to enhance sustainability in Value Engineering?

• Using non-renewable resources

• Implementing energy-efficient systems

• Increase Project Scope

• Reducing Project timelines

Which of the following is NOT a key consideration in Value Engineering

• Recycled Materials

• Energy Efficiency

• Colour Scheme

• Waste Minimisation

Which point does not relate to Value Engineering

• New Projects

• Affordable Prices

• Modification or Substitution

• Less Effort

At which stage of a product's life cycle is target cost determined?

• Planning and Marketing

• Product Development

• Concept Design

• Product Design

Value Analysis examines the..

• Design of every component

• Method of Manufacturing

• Materials used

• All of the above

Which is NOT an example of a non-value added activity

• Repair acitivites

• Over production

• Assembly

• Waiting

What is the process of identifying and eliminating unnecessary costs while maintaining or improving the desired functions?

• Sustainability

• Cost Analysis

• Value Improvement

• Function Evaluation