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| Section | Objectives |
|---|---|
| Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
| Professional Practice Requirements | - Value study facilitation - Project documentation and reporting |
| Job Plan Phases | - Function Analysis Phase
|
Eliminates confusion while taking the Certified Value Specialist exam. Prepares you for the format of your CVS exam dumps, including multiple-choice questions and fill-in-the-blank answers. Comprehensive, up-to-date coverage of the entire CVS curriculum. CVS practice questions are based on recently released CVS Exam Objectives. Includes a user-friendly interface allowing you to take the CVS practice exam on your computers, like downloading the PDF, Web-Based CVS practice test DumpsTests, and Desktop CVS practice exam.
NEW QUESTION # 105
What does VOC stand for?
Answer: B
Explanation:
VOC stands for Voice of the Customer . In Value Methodology, VOC is primarily associated with the Information Phase , where the VM team gathers, organizes, reviews, and transforms information before moving into Function Analysis. SAVE International's Core Competencies specifically place "Voice of the customer" under Information Phase - Apply methods to transform information , tied to VM Guide Section
5.4.1 . ( )
The purpose of VOC is to capture what customers, users, owners, and stakeholders actually need, value, expect, and consider important. This is critical because VM does not define value only from the designer's, supplier's, or facilitator's perspective. Instead, value must be interpreted through customer-required functions, performance expectations, quality needs, constraints, and acceptance criteria. Option C, "voice of the client," is too narrow because the client may be only one stakeholder, while VOC reflects the broader customer/user value perspective. Options A and D are not recognized VM terms in this context.
References/topics: Information Phase; Voice of the Customer; Transforming Information; Customer Requirements; Value Determination.
NEW QUESTION # 106
How should the VM facilitator handle "conditionally accepted" VM proposals?
Choose 2 answers.
Answer: A,D
Explanation:
A conditionally accepted VM proposal is not fully approved yet. It means the decision makers see value in the proposal, but acceptance depends on certain changes, clarifications, added data, or further review. Therefore, the facilitator should first identify the modifications required for acceptance . This creates a clear action path and prevents the proposal from being wrongly recorded as fully approved.
The facilitator should also ask decision makers for the timing of the final decision . In VM reporting and implementation follow-up, unresolved proposals must have ownership, required actions, and a decision schedule. Without a timing commitment, conditionally accepted proposals can remain open and lose implementation momentum.
Option B is incorrect because a conditionally accepted proposal is not the same as an accepted proposal.
Listing it as accepted would misrepresent the decision status. Option D is weaker because the facilitator should not merely list deficiencies; the correct VM approach is to convert concerns into specific required modifications and next steps.
References/topics: Presentation Phase; Decision Documentation; Proposal Disposition; Implementation Planning; VM Facilitator Responsibilities.
NEW QUESTION # 107
During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?
Answer: A
Explanation:
The correct answer is C because it directly applies both tracking and audit controls during the Implementation Phase. The CVS/SAVE Value Methodology guidance defines Implementation Activities as ensuring that accepted value alternatives are actually implemented and that the projected benefits are realized. It also identifies implementation responsibilities such as establishing action plans, obtaining commitments, setting review timeframes, tracking value achievement, signing off deliverables, validating benefits, and managing the implementation plan. ( ) Regular audits of project documentation are the most effective action because they verify that recorded data is accurate, current, traceable, and compliant with internal procedures while implementation is still active. This supports corrective action in real time rather than after-the-fact discovery. Option A is incomplete because it excludes tracking procedures. Option B monitors milestones but deliberately avoids auditing the process, which weakens compliance assurance. Option D is reactive and delayed; reviewing logs only at project close does not adequately control implementation performance or prevent noncompliance during execution. The SAVE study guide also emphasizes the value tracking process and tracking implementation results as part of VM program discipline. ( ) References/topics: Implementation Phase; Value Tracking Process; Implementation Plan; Follow-Up Activities; VM Program Reporting.
NEW QUESTION # 108
A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?
Answer: B
Explanation:
The correct selection is D because it provides the strongest balance of study readiness, timing, and probability of return . A VM program manager must allocate limited study resources to the candidate most likely to produce measurable value improvement. SAVE guidance states that VM produces the greatest benefit early in development when basic project information is established but major design resources have not yet been fully committed. ( cdn..com ) It also notes that later studies are more likely to increase implementation cost. ( cdn..
com )
Option D is therefore superior because a 30% design with a detailed estimate gives the VM team enough factual information for function, cost, worth, and alternative analysis, while the project is still early enough for recommendations to be implemented economically. The fact that the previous similar project achieved the target ROI further supports selection because it indicates a credible return pattern. Option A is too late because the design is complete and ROI is already doubtful. Options B and C are too immature because design has not started; C is additionally weak because the similar previous project failed to meet ROI.
References/topics: VM Programs; Value Program Management; Study Selection; ROI; Timing of VM Studies; Preparation Phase.
NEW QUESTION # 109
In VM, the basic function of a product, project, or process answers which question?
Answer: A
Explanation:
The correct answer is A . The basic function is the essential purpose for which the project, product, or process exists. SAVE's dictionary defines the basic function as the specific purpose for which the subject exists and states that it answers, "What must it do?" This is one of the most important concepts in the CVS exam because the basic function anchors function analysis, FAST diagramming, creativity, and evaluation.
Option B is incorrect because cost is a resource measure, not the basic function itself. Cost becomes meaningful only when compared with function, worth, performance, and user need. Option C is irrelevant to function. Option D may matter in procurement or schedule evaluation, but it does not define why the subject exists. A team that fails to identify the basic function often becomes trapped by existing design assumptions.
For example, a wall may be assumed necessary, but the basic function might be "separate spaces," which could be achieved by many alternatives. Function abstraction is the discipline that opens the door to value improvement.
References/topics: Basic Function; Function Classification; Function Analysis Phase.
NEW QUESTION # 110
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