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NEW QUESTION: 1
Which of the following is a tool for analyzing a design, determining its functions, and assessing how to provide those functions' cost effectively?
A. Value analysis
B. Pareto diagram
C. Configuration management
D. Value engineering
Answer: D
Explanation:
Value engineering considers possible cost trade-offs as a design evolves. The technique entails identifying the functions that are needed and analyzing the cost effectiveness of the alternatives available for providing them. It helps optimize project life cycle costs, save time, increase profits, improve quality, increase market share, solve problems, and contribute toward more effective resource use [Monitoring and Controlling] PMI@, PMBOK@ Guide, 2013, 566
NEW QUESTION: 2
Which of the following forecasting methods relies on the opinions of a panel of experts?
A. Delphi technique
B. Survey method
C. Causal method
D. Time series analysis
Answer: A
NEW QUESTION: 3
A large wholesaler formerly owned a number of delivery trucks. The wholesaler sold all of its trucks and now purchases transportation services from fleet operators. This is an example of which of the following strategies?
A. Using an owner-operator fleet.
B. Renting equipment on consignment.
C. Selling and leasing back equipment.
D. Using a third-party logistics provider.
Answer: D
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