Value Engineering & Value Management Flashcards
7 cards from real CCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Value Engineering & Value Management flashcards as text
The standard VE study workshop is typically structured around how many hours of intensive team effort?
Answer: 40 hours over approximately one week
The classic VE study follows a 40-hour workshop format, working through all VE job plan phases over approximately one standard work week of intensive team collaboration.
Which organization publishes the Value Methodology Standard used as the benchmark for VE practice in the United States?
Answer: SAVE International
SAVE International publishes the Value Methodology Standard, which defines the VE job plan framework, terminology, and best practices for value engineering and value management.
In Value Engineering, secondary functions are best described as:
Answer: Functions that support or enable the basic function to be performed
Secondary functions support or enable the basic function; while necessary, they are subordinate and often carry unnecessary cost — making them frequent targets for VE improvement.
Federal agencies in the United States are mandated to apply Value Engineering primarily under:
Answer: OMB Circular A-131 and related VE legislation
OMB Circular A-131 mandates federal agencies to apply value engineering on major construction and acquisition programs to achieve cost savings for taxpayers.
A formal VE study report presented to the project owner typically includes:
Answer: VE alternatives with technical analysis, life cycle cost comparisons, and implementation recommendations
The VE presentation report summarizes each alternative with technical feasibility, life cycle cost comparisons, implementation considerations, and formal recommendations so the owner can make informed decisions.
In Value Engineering, 'function' is most accurately defined as:
Answer: What an item does, expressed as an active verb-noun combination
In VE, function is rigorously expressed as a two-word verb-noun combination (e.g., 'transmit force,' 'contain fluid') to objectively describe what an item does and enable function-based cost analysis.
In VE terminology, 'unnecessary cost' refers to:
Answer: Cost that provides neither required function nor equivalent worth
Unnecessary cost in VE is defined as cost that provides neither required function nor equivalent worth — it represents the primary target for VE improvement and savings.