CCE CCE Value Engineering & Analysis 1

Question 1

What is the primary objective of Value Engineering (VE) in a cost engineering context?

Accepted Answer

Achieve required functions at the lowest life-cycle cost

Answer

Value Engineering aims to achieve the required functions of a product or project at the lowest possible life-cycle cost without sacrificing quality or performance.

Question 2

In the SAVE International VE Job Plan, which phase involves generating creative ideas without criticism?

Accepted Answer

Creative phase

Answer

The Creative phase of the VE Job Plan uses brainstorming to generate a high volume of ideas without judgment or criticism.

Question 3

How is Value defined in Value Engineering?

Accepted Answer

Value = Function / Cost

Answer

In VE, Value is defined as Function divided by Cost, meaning higher function at lower cost yields greater value.

Question 4

Which Value Engineering technique is used to identify the primary and secondary functions of a system?

Accepted Answer

FAST diagram

Answer

The Function Analysis System Technique (FAST) diagram organizes functions hierarchically to distinguish primary (basic) from secondary (supporting) functions.

Question 5

During a VE study, a 'basic function' is best described as:

Accepted Answer

The primary purpose that defines why the item exists

Answer

A basic function is the primary purpose that justifies the existence of an item; removing it would render the item valueless.

CCE - Certified Cost Engineer Practice Test

CCE - Certified Cost Engineer Practice Test

CCE CCE Value Engineering & Analysis 1