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| Section | Objectives |
|---|---|
| Job Plan Phases | - Presentation Phase
|
| Professional Practice Requirements | - Value study facilitation - Project documentation and reporting |
| Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
Success in the test of the Certified Value Specialist (CVS) certification proves your technical knowledge and skills. The Certified Value Specialist (CVS) exam credential paves the way toward landing high-paying jobs or promotions in your organization. Many people who attempt the Certified Value Specialist (CVS) exam questions don't find updated practice questions. Due to this they don't prepare as per the current Certified Value Specialist (CVS) examination content and fail the final test. Failure in the Certified Value Specialist (CVS) exam dumps wastes the money and time of applicants.
NEW QUESTION # 144
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 # 145
Which of the following actions should be taken to develop a comprehensive and effective VM study report?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are A. List VM proposals developed and C. Focus the report on the major VM proposals .
In the Presentation Phase, the VM study report must document the results of the study in a clear, decision- oriented format. The report should identify the VM proposals developed during the Development Phase, including the recommended change, basis of comparison, cost effect, value improvement, advantages, disadvantages, and implementation considerations. Listing the developed proposals gives decision makers a complete record of the team's actionable outputs.
However, an effective report should not become a raw archive of every discussion, idea, or technical detail. It should focus attention on the major VM proposals that offer meaningful value improvement and require management review or approval. This aligns with the Presentation Phase purpose: to communicate developed alternatives clearly and obtain concurrence for implementation.
Option B is less appropriate because the methodology may be summarized, but an overly detailed methodology section can distract from the proposals and decisions required. Option D is incorrect because technical terminology should be controlled and audience-appropriate; excessive jargon weakens communication.
References/topics: Presentation Phase; VM Study Report; Development Phase; VM Proposals; Decision- Maker Communication.
NEW QUESTION # 146
A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?
Answer: A
Explanation:
The correct answer is C . Using the stated formula, Value Index = Function Cost ÷ Function Worth =
$120,000 ÷ $80,000 = 1.50 . SAVE's dictionary defines Function Cost as the directly related resources allocated to a function and Function Worth as the lowest overall cost to perform a function without regard to criteria or code. It also defines Value Index as the monetary relationship of function cost to function worth, expressed as FC ÷ FW, where good value is VI # 1.0.
Option A reverses the formula and calculates FW ÷ FC. Option B would mean cost equals worth, which is not true here. Option D has no mathematical basis from the numbers given. A VI of 1.50 indicates a value mismatch: the current function cost exceeds the function worth. This does not automatically mean the function should be eliminated, but it does identify a strong candidate for creativity and evaluation. CVS candidates must be careful because some older materials express the ratio in reverse; the exam stem controls the formula.
References/topics: Evaluation Phase; Function Cost; Function Worth; Value Index.
NEW QUESTION # 147
Which of the following actions would be appropriate for transforming your subject's information into a useful work breakdown structure?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are C and D . A useful Work Breakdown Structure converts project or study information into a structured breakdown of the total scope. In VM program planning, this supports clearer control of deliverables, responsibilities, schedule logic, and implementation follow-up. The WBS is not simply a chronological activity list; it is a structured decomposition of the work into defined, manageable elements.
This aligns with standard project-management guidance that describes the WBS as a hierarchical breakdown of project work into smaller components or work packages. ( Atlassian ) Option C is correct because identifying major milestones or high-level outputs and then decomposing them into manageable elements is a practical way to convert broad study information into usable work packages.
Option D is also correct because breaking the project into defined elements is the core purpose of the WBS.
Option A is incorrect because chronological sequencing belongs more to scheduling, not WBS construction.
Option B is incorrect because cost estimating may use the WBS later, but the WBS itself should be organized around scope, deliverables, and work elements rather than cost first. PMI also treats the WBS as a foundational project-control structure. ( Project Management Institute ) References/topics: VM Programs; Work Breakdown Structure; Implementation Planning; Project Scope Decomposition; Deliverable Control.
NEW QUESTION # 148
The Value Methodology
Choose 2 answers.
Answer: C,D
Explanation:
The correct answers are A and D . Value Methodology is defined by SAVE International as a systematic process used by a multidisciplinary team to improve project value through the analysis of functions. Because the method intentionally brings together people from different technical, operational, cost, owner, user, and management perspectives, it naturally encourages multidisciplinary communication . The SAVE Study Guide also explains that function naming helps multidisciplinary teams build a shared understanding of project requirements, which supports clearer communication and better identification of value-improvement opportunities. ( ) The second correct answer is develops realistic budgets . VM evaluates required functions against resources such as materials, labor, price, time, and other cost drivers. This function/resource relationship helps teams understand what the project must accomplish and what resources are reasonably required. OMB's Value Engineering policy also describes VE as a management tool used to ensure realistic budgets , remove nonessential costs, and maintain acceptable quality. ( George W. Bush White House Archives ) Option C is incorrect because VM does not maintain paradigms; it challenges assumptions and existing approaches. Option B may occur as an indirect benefit, but it is not the stronger core answer for this two- response item.
References/topics: Value Methodology Definition; Multidisciplinary Team; Function/Resource Relationship; VM Job Plan; VM Programs.
NEW QUESTION # 149
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