CCC Value Engineering & Value Management 1

Question 1

What is the primary goal of Value Engineering (VE)?

Accepted Answer

Achieve required functions at the lowest life cycle cost

Answer

Value Engineering aims to achieve all required project functions at the lowest possible life cycle cost while maintaining performance, quality, and reliability.

Question 2

In the VE job plan, which phase is dedicated to identifying and categorizing all project functions?

Accepted Answer

Function Analysis Phase

Answer

The Function Analysis Phase systematically identifies, classifies, and analyzes project functions to distinguish necessary costs from unnecessary ones.

Question 3

In a FAST (Function Analysis System Technique) diagram, what does moving to the right — the 'How' direction — represent?

Accepted Answer

Lower-order functions and how each function is accomplished

Answer

In a FAST diagram, moving right (the 'How' direction) reveals lower-order functions and the methods by which each higher function is achieved.

Question 4

In Value Engineering, 'worth' is defined as:

Accepted Answer

The lowest cost to reliably perform a required function

Answer

In VE, 'worth' is the lowest cost to reliably perform a required function and serves as a benchmark against actual cost to identify unnecessary expenditure.

Question 5

Which of the following best describes a 'basic function' in Value Engineering?

Accepted Answer

The primary purpose that defines what an item must do

Answer

A basic function is the primary purpose of an item — the essential reason it exists — and cannot be eliminated without destroying the item's usefulness.

CCC Practice Test

CCC Practice Test

CCC Value Engineering & Value Management 1