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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.

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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
3 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
3 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
2 months ago
Product analysis could also be important to understand the features and quality of the product.
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Arthur
2 months ago
Yeah, cost analysis would be more about the expenses involved in making the product.
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Karan
2 months ago
I agree, value analysis looks at the overall value of the product, not just the price.
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Tabetha
3 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
3 months ago
A) Product analysis
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Barb
3 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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