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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
| Topic 2: Job Plan Phases | - Evaluation Phase
|
| Topic 3: Professional Practice Requirements | - Value study facilitation - Project documentation and reporting |
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NEW QUESTION # 116
Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installation cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installation cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax What is the initial cost of the carpet ?
Answer: A
Explanation:
The correct answer is A. $30,000 . The question asks only for the initial cost of the carpet, not its annual maintenance cost, life-cycle cost, present worth, or equivalent annual cost. In SAVE terminology, initial cost means the first expenditure required to acquire, produce, construct, or install the project, product, or process.
The SAVE VM Dictionary identifies initial cost as the initial expenditure of resources and also treats it as interchangeable with capital cost. It separately defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal or salvage value over a defined period. Therefore, the maintenance costs and service-life data are distractors for this specific calculation.
The carpet covers 1,000 square meters , and the installation cost is $30 per square meter . The calculation is:
1,000 × $30 = $30,000
Options B, C, and D incorrectly imply that additional costs have been added to the initial installation cost. In the Evaluation Phase, CVS candidates must identify the cost category being requested before performing the calculation. SAVE's VM Standard places structured evaluation after creativity to compare alternatives while considering performance requirements and resource limits.
References/topics: Evaluation Phase; Initial Cost; Capital Cost; Life-Cycle Cost Analysis; Cost Classification.
NEW QUESTION # 117
Which statement best describes the Implementation Phase?
Answer: A
Explanation:
The correct answer is B . Implementation is the post-presentation activity where accepted recommendations are converted into action. Although the six-phase workshop Job Plan ends with Presentation, SAVE's VM process recognizes post-workshop documentation and implementation activity as part of the broader value study process. The VM Standard's process flow shows pre-workshop, workshop, and post-workshop
/implementation activities.
Option A is incorrect because collecting user attitudes and study preparation occur before or during early study activities, not Implementation. Option C is wrong because Creativity generates alternatives, while Implementation executes approved proposals. Option D is wrong because unselected ideas are not automatically approved. At CVS level, Implementation requires ownership, assigned responsibilities, schedules, change management, technical follow-through, documentation, and confirmation of achieved value. A proposal has no realized value until it is adopted and executed. Weak VM programs often generate impressive workshop reports but fail during implementation because accountability, funding, decision authority, and tracking mechanisms are missing.
References/topics: Implementation Phase; Post-Workshop Activities; Value Realization.
NEW QUESTION # 118
A function performance specification:
Choose 3 answers.
Answer: A,C,D
Explanation:
The correct answers are A, D, and E . A Function Performance Specification is used to define performance requirements in terms of the functions that must be achieved, not in terms of a predetermined design solution.
In VM, value is linked to functions measured by the customer's performance requirements, and the methodology seeks alternate ways to accomplish a function while meeting customer performance expectations. ( ) Therefore, it accurately identifies requirements specific to functions . FPS characterizes each function through criteria, expected performance levels, and flexibility, which makes the requirement measurable and traceable.
( Value Analysis ) It also communicates customer performance wants and needs because it documents what the user or customer expects the solution to accomplish. The FPS approach expresses needs and expected performance without reference to a specific solution, allowing broader innovation while maintaining customer requirements. ( Value Analysis ) It also helps uncover hidden assumptions because vague wants must be translated into explicit criteria, levels, and flexibility. Option B is incorrect because FPS does not evaluate or limit VM team options; it defines functional performance expectations. Option C is incorrect because FPS should avoid constraining designers to a specific design.
References/topics: Function Analysis Phase; Function Performance Specification; Customer Requirements; Performance Criteria; Functional Requirements.
NEW QUESTION # 119
When selecting VM study team members, which of the following are preferable?
Choose 2 answers.
Answer: A,B
Explanation:
The preferable qualities are expertise in their field and availability to attend . In the Preparation or Pre- Workshop stage, the Value Study must be properly planned, organized, staffed, and scheduled before the formal Job Plan begins. The SAVE Study Guide identifies Pre-Workshop activities such as identifying Value Team members , obtaining their commitment to project objectives, and determining study dates, times, location, and other logistical needs. ( ) Technical capability is essential because VM team members must gather and analyze information, identify functions, contribute ideas, evaluate ideas using their experience and expertise, develop alternatives, and present results. The guide specifically describes technical champions as team members selected because of their technical expertise. ( ) Availability is equally important because team members are expected to participate in all meetings, and timely attendance is listed as a responsibility. ( ) Option C is not preferred because VM requires collaborative idea generation, not personal advocacy or forcing individual solutions. Option D is directly contrary to VM team behavior, since the guide stresses open- mindedness and avoiding roadblocks.
References/topics: Preparation Phase; Pre-Workshop Activities; Value Team Member Selection; Team Member Responsibilities; VM Facilitation and Team Dynamics.
NEW QUESTION # 120
Which of the following strategies should be used to enhance understanding of VM proposals presented during the Presentation Phase?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are C and D . In the Presentation Phase, the purpose is not simply to display information, but to communicate the developed VM proposals clearly enough for decision makers to understand the recommendation, its basis, and its value improvement opportunity. SAVE's Value Methodology Standard states that the Presentation Phase should develop a report and/or presentation that documents and conveys the adequacy of the developed alternatives and their associated value improvement opportunity. ( ) Using baseline and proposed graphics at a similar level of complexity helps the audience compare the current condition against the recommended alternative without distortion. If one graphic is overly detailed and the other is simplified, the comparison may become misleading or difficult to evaluate. Providing clear explanations and context is equally important because graphics alone rarely communicate assumptions, functional trade-offs, cost implications, risks, or implementation constraints.
Option A is incorrect because relying only on graphics removes the technical reasoning needed for acceptance. Option B is also incorrect because excessive graphics can dilute the message and distract from the proposal's functional and value basis.
References/topics: Presentation Phase; VM Proposal Communication; Baseline vs Proposed Comparison; Decision-Maker Understanding; VM Report and Presentation.
NEW QUESTION # 121
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