CPE Cost Analysis & Project Management Flashcards
6 cards from real CPE practice questions. Tap to flip, then mark Knew It or Still Learning โ missed cards come back until you master them.
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Which cost model is most commonly used to compare packaging alternatives in a CPE cost analysis?
Answer: Total cost of ownership (TCO)
Total cost of ownership accounts for material, conversion, warehousing, freight, and end-of-life costs to provide a true apples-to-apples comparison between packaging alternatives.
In packaging project management, a 'stage-gate process' is used to:
Answer: Control project progression by requiring approval at defined milestones
A stage-gate process requires formal review and approval at each project milestone, preventing resource waste on designs that don't meet business criteria.
What is 'value engineering' in the context of packaging development?
Answer: Systematically analyzing packaging to reduce cost while maintaining required function
Value engineering methodically examines packaging components to identify cost reductions that do not compromise required performance or consumer experience.
A packaging cost-reduction project identifies a 10% gauge reduction in a corrugated board. What must be validated before implementation?
Answer: Box compression strength still meets distribution and stacking requirements
Reducing board gauge lowers compressive strength, so BCT tests must confirm that the lighter board still meets the minimum stacking and distribution performance requirements.
Which technique helps a packaging engineer prioritize cost reduction opportunities across a product line?
Answer: Pareto analysis (80/20 rule) on packaging spend by SKU
Pareto analysis identifies the top 20% of SKUs that typically represent 80% of packaging spend, focusing cost-reduction efforts where they will have the greatest financial impact.
What is the primary financial risk of launching a new packaging design without a formal project plan?
Answer: Uncontrolled scope creep leading to budget overruns and missed launch dates
Without a formal project plan, design changes, approvals, and testing cycles can expand uncontrolled, consuming budget and delaying product launches.