CCE CCE Value Engineering & Analysis 2 — Questions and Answers
Question 1: Which VE Job Plan phase involves comparing alternatives against criteria to select the best candidates?
- Information phase
- Creative phase
- Evaluation phase (Correct answer)
- Development phase
Correct answer: Evaluation phase
The Evaluation phase assesses and ranks the generated ideas against established criteria such as cost savings, feasibility, and risk.
Question 2: In Value Engineering, an 'unnecessary function' is one that:
- Increases cost without adding required performance or reliability (Correct answer)
- Reduces the project schedule
- Is required by regulatory standards
- Improves the aesthetic appeal of the product
Correct answer: Increases cost without adding required performance or reliability
Unnecessary functions add cost without contributing to the required performance, reliability, or aesthetic goals of the project.
Question 3: A VE team identifies that a component costs $500 but its worth is $200. What is the value index?
- 2.50
- 0.40 (Correct answer)
- 300
- 0.60
Correct answer: 0.40
The value index is Worth / Cost = $200 / $500 = 0.40, indicating significant opportunity for value improvement.
Question 4: Which of the following best describes 'life-cycle cost' in Value Engineering?
- Only the initial construction or acquisition cost
- Total cost of ownership including acquisition, operation, maintenance, and disposal (Correct answer)
- The cost of replacing a system at end of life
- Annual operating budget for a facility
Correct answer: Total cost of ownership including acquisition, operation, maintenance, and disposal
Life-cycle cost encompasses all costs from acquisition through disposal, including operation, maintenance, and end-of-life costs.
Question 5: What is the typical recommended duration for a formal VE workshop (charrette) on a major capital project?
- 1 day
- 2–3 days
- 40 hours (5 days) (Correct answer)
- 2 weeks
Correct answer: 40 hours (5 days)
A formal VE workshop typically runs 40 hours (five days), allowing sufficient time to complete all phases of the VE Job Plan.
Question 6: Which phase of the VE Job Plan involves preparing detailed cost estimates and implementing plans for selected alternatives?
- Creative phase
- Information phase
- Development phase (Correct answer)
- Presentation phase
Correct answer: Development phase
The Development phase involves preparing technical data, cost estimates, and implementation plans for the most promising alternatives.
CCE CCE Value Engineering & Analysis 2
Which VE Job Plan phase involves comparing alternatives against criteria to select the best candidates?