Which is a correct distinction between Value Engineering and Value Analysis?

A. Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products

B. Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes

C. Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets

D. Value Analysis and Value Engineering, while similar, differ in that they employ different process steps

Which statement regarding a Value Improving Proposal is true?

A. It provides information to feed into the MoV Policy

B. It is an idea-generation technique

C. It is based on detailed analysis of selected ideas or options

D. It is developed before an Option Evaluation Matrix

Which will be included in the MoV Project Plan?

A. Identification of suitable candidates to lead and participate in the Studies

B. Key attributes of a proposed Study

C. Constraints applicable to a proposed Study

D. A draft function diagram

How many types of value mismatches can the Analysis phase of the Value Engineering Job Plan reveal?

A. Three

B. Four

C. Five

D. Six

Which is a true statement describing the brainstorming technique?

A. Generates a large volume of ideas in a short timeframe

B. Focuses on eliminating ideas which may be unsuitable

C. Analyses in detail a small number of options

D. Enables team members to raise ideas anonymously