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| Section | Weight | Objectives |
|---|---|---|
| Leadership and Facilitation | 15% | - Workshop facilitation skills - Stakeholder management and communication - Leading value study teams |
| Tools and Techniques | 20% | - Cost analysis and worth assessment - Function analysis system technique (FAST) - Creative thinking and idea generation methods - Decision-making and evaluation tools |
| Standards, Ethics and Application | 10% | - Professional ethics and responsibilities - Application in different industries and sectors - SAVE International standards and guidelines |
| Value Methodology Job Plan | 30% | - Preparation phase - Presentation and implementation phase - Creative phase - Development phase - Information phase - Function analysis phase - Evaluation phase |
| Value Methodology Principles and Concepts | 25% | - Value index, function and cost relationship - Definition and core concepts of Value - Origins, development and application scope of Value Methodology |
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NEW QUESTION # 87
Which of the following situations are MOST appropriate for using a RACI matrix?
Choose 2 answers.
Answer: C,D
Explanation:
The correct answers are B and D . A RACI matrix is most appropriate when the VM facilitator needs to clarify involvement, responsibility, accountability, consultation, and communication among participants or stakeholders. In the SAVE International Value Methodology Core Competencies, the RACI matrix is listed under the Information Phase as a method used to transform information, while process flowcharts are listed separately as a different technique. This distinction is important because a RACI matrix does not map process sequence; it clarifies roles and involvement.
A RACI chart defines who is Responsible, Accountable, Consulted, and Informed for project tasks, and it is used to reduce confusion, improve communication pathways, and establish clear ownership. ( Atlassian ) Therefore, it directly addresses communication gaps and misunderstood concepts related to who should act, decide, advise, or be kept informed.
Option A is incorrect because process-flow issues are better handled with a process flowchart. Option C is incorrect because validated assumptions do not require role clarification; they are already confirmed information.
References/topics: Information Phase; RACI Matrix; Methods to Transform Information; VM Facilitation; Stakeholder Communication.
NEW QUESTION # 88
Which of the following actions is the most effective method for encouraging stakeholder engagement during the implementation phase?
Answer: D
Explanation:
The correct answer is D. Coordinate with the project manager to distribute information to stakeholders .
In the Implementation Phase , the purpose is not merely to produce documentation; it is to ensure that approved VM proposals are converted into executed actions. SAVE's VM Standard Reference states that during implementation, the sponsoring organization reviews VM study results, decides which proposals to implement, and develops and executes an implementation plan to actualize the value improvements.
Stakeholder engagement depends on timely, coordinated, and project-controlled communication. The project manager is normally the central execution authority, so coordinating with the project manager ensures that stakeholders receive the right information, understand decisions, know implementation responsibilities, and remain aligned with schedule, cost, quality, risk, and performance expectations.
Option A is ineffective because assigning tasks before informing stakeholders can create resistance and reduce buy-in. Option B supports documentation but does not actively engage stakeholders. Option C may be useful, but handing out the VM study report during a meeting is passive and often too late to build ownership.
Coordinated information distribution through the project manager is the most effective engagement mechanism.
References/topics: Implementation Phase; VM Study Results; Implementation Plan; Stakeholder Communication; Project Manager Coordination.
NEW QUESTION # 89
Projects generally begin with basic assumptions. These can become criteria or "requirements." What should the VM study team do with these assumptions?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A and D . In a VM study, assumptions must not be accepted automatically as fixed requirements. Many projects begin with assumptions about user needs, design criteria, operating conditions, owner preferences, codes, capacities, materials, schedules, or performance expectations. Over time, these assumptions may become treated as mandatory requirements even when they have not been tested. The VM study team's responsibility is to examine them objectively.
The team should challenge assumptions with facts because unsupported assumptions can restrict creativity, increase cost, and prevent better value solutions. Challenging does not mean rejecting them blindly; it means asking whether the assumption is true, current, measurable, and necessary to perform the required function.
The team should also verify assumptions through project data, stakeholder input, customer needs, technical criteria, codes, standards, cost information, and performance requirements. Verified assumptions may remain as valid constraints or criteria. Unverified assumptions should not control the study.
Option B is incorrect because assumptions should not simply be replaced without analysis. Option C is incorrect because accepting assumptions as facts can cause the team to preserve unnecessary cost and miss value-improvement opportunities.
References/topics: Information Phase; Assumptions; Criteria and Requirements; Fact-Based Analysis; VM Job Plan.
NEW QUESTION # 90
The project manager resists implementing the change approved by the decision-makers. What should the VM facilitator do?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are A and C . Once the decision-makers have approved a VM proposal, the facilitator should not automatically reopen or reassess the recommendation. The implementation responsibility has moved into the post-study/implementation environment, where the primary objective is to "assure the implementation of the approved value study change recommendations." The SAVE VM Standard also states that the VM Team Leader may track the progress of implementation , while the design professional or assigned management personnel are responsible for executing the approved change. ( UW Courses ) Therefore, if the project manager resists an approved change, the facilitator should first treat the resistance as an implementation barrier. This requires identifying potential threats to implementation , such as technical objections, schedule concerns, stakeholder resistance, contractual constraints, or organizational politics. The Standard also requires implementation planning to account for risk, uncertainty, schedule impact, and unique project conditions. ( UW Courses ) Documenting the resistance to decision-makers is also appropriate because implementation status must remain visible to management. Reassessing the VM proposal is not appropriate unless new facts invalidate the approved recommendation. Additional information may be useful later, but the immediate facilitator actions are documentation and threat identification.
References/topics: Implementation Phase; Post-Study; Implementation Monitoring; Management Reporting; Implementation Risk.
NEW QUESTION # 91
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: B
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 ร $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 # 92
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