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 (D)</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 (C)</p> Signup and view all the answers
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