CCE Value Engineering & Analysis Flashcards
6 cards from real CCE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CCE Value Engineering & Analysis flashcards as text
Which VE Job Plan phase involves comparing alternatives against criteria to select the best candidates?
Answer: Evaluation phase
The Evaluation phase assesses and ranks the generated ideas against established criteria such as cost savings, feasibility, and risk.
In Value Engineering, an 'unnecessary function' is one that:
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.
A VE team identifies that a component costs $500 but its worth is $200. What is the value index?
Answer: 0.40
The value index is Worth / Cost = $200 / $500 = 0.40, indicating significant opportunity for value improvement.
Which of the following best describes 'life-cycle cost' in Value Engineering?
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.
What is the typical recommended duration for a formal VE workshop (charrette) on a major capital project?
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.
Which phase of the VE Job Plan involves preparing detailed cost estimates and implementing plans for selected alternatives?
Answer: Development phase
The Development phase involves preparing technical data, cost estimates, and implementation plans for the most promising alternatives.