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WorksheetsValue Engineering
Total questions: 15
Worksheet time: 8mins
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
What is the process of comparing the performance or cost of a product or service to industry standards or best practices?
Benchmarking
Brainstorming
Decision Matrix
Value Engineering Workshop
What is the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs?
Cost-Benefit Analysis
Sustainability
Implementation Plan
Design-Bid-Build
What is the step of Value Engineering Activity
Design and Function Review - Design Analysis - Cost Review - Analyze The Data
Design and Function Review - Cost Review - Design Evaluation - Analyze The Data
Setting Target - Design and Function Review - Cost Review - Benchmark - Analyze The Data
Cost Review - Design and Function Review - Design Analysis - Customer Review - Analysis The Data
The value of product is...
Directly proportional to its function and inversely proportional to its cost
Directly proportional to its function as well as cost
Inversely proportional to its function as well as cost
Directly proportional to its functions and independent of its cost
