Value Study and Risk Management in Construction
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Questions and Answers

Which of the following is a learning outcome of the course CIEM 438 - Value and Risk Management in Construction?

  • Exploring different styles and deliverables of value study
  • Understanding the philosophy and process of value study
  • Implementing value engineering in construction projects
  • Discussing the main processes of value study (correct)

    • What is the main focus of a value study?

  • Value planning
  • Value management (correct)
  • Value engineering
  • Value analysis

    • What are the phases and processes involved in a value study?

  • Value analysis and value management (correct)
  • Value engineering and value planning
  • Value planning and value analysis
  • Value management and value engineering

    • What is the impact of implementing value engineering (VE) in construction projects?

    <p>Decreased project cost</p> Signup and view all the answers

    What is a study style in the context of a value study?

    <p>An outcome of the project life cycle</p> Signup and view all the answers

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