CPE Cost Analysis & Project Management Flashcards
6 cards from real CPE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CPE Cost Analysis & Project Management flashcards as text
When performing a packaging cost benchmark against competitors, what is the most reliable data source?
Answer: Retail teardown analysis of competitor packages combined with supplier cost modeling
Retail teardown analysis involves physically deconstructing competitor packages and applying supplier cost models to estimate material and conversion costs.
A supplier requests a tooling charge for a custom packaging component. In project cost management, tooling is typically:
Answer: Amortized over the expected production volume to determine per-unit cost impact
Tooling costs are amortized across projected production volumes to determine their per-unit contribution to packaging cost, which helps evaluate whether custom designs are cost-effective.
Which project management tool is most useful for visualizing packaging development task timelines and resource assignments?
Answer: Gantt chart
A Gantt chart displays project tasks along a timeline with start and end dates, making it easy to visualize schedules, dependencies, and resource assignments.
In packaging development, a 'design freeze' milestone means:
Answer: No further design changes are permitted without formal change control approval
A design freeze prevents unauthorized changes that could invalidate completed testing, regulatory submissions, or production tooling investments.
What is the purpose of a packaging 'should-cost' model?
Answer: To estimate the expected cost of a package based on materials and processes before receiving supplier quotes
A should-cost model builds up an expected cost from raw material prices, conversion costs, and overhead before engaging suppliers, enabling informed negotiation.
Which risk management technique in packaging projects involves identifying what could go wrong before it happens?
Answer: Failure Mode and Effects Analysis (FMEA)
FMEA proactively identifies potential failure modes in a packaging design or process, assessing their severity and likelihood to prioritize preventive actions.