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| Section | Objectives |
|---|---|
| Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
| Professional Practice Requirements | - Project documentation and reporting - Value study facilitation |
| Job Plan Phases | - Evaluation Phase
|
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You can change the difficulty of these questions, which will help you determine what areas appertain to more study before taking your SAVE International CVS Exam Dumps. Here we listed some of the most important benefits you can get from using our SAVE International CVS practice questions.
NEW QUESTION # 46
A well-managed VM program will include a process
Choose 2 answers.
Answer: C,D
Explanation:
The correct answers are A and C . A well-managed Value Methodology program must have a structured process for deciding which subjects should receive VM studies and when VM should be applied . VM program management is not simply about conducting studies randomly; it requires screening potential projects, products, processes, or services to determine where VM effort can create meaningful value improvement. The VM Guide program-management section specifically includes "Selecting subjects for VM studies" and "Timing of VM studies" as key management areas. ( pdfcoffee.com ) Option A is correct because subject selection helps the organization focus limited VM resources on studies with suitable size, complexity, risk, cost, performance concern, or strategic importance. Option C is correct because timing matters. SAVE guidance notes that VM may be applied at different points in a subject's life cycle, and early application often improves direction before later implementation costs increase. ( ) Option B is incorrect because no VM program can guarantee return on investment from every individual study. Option D is incorrect because requiring a VM study on every subject would waste resources and ignore proper screening criteria.
References/topics: VM Programs; VM Program Management; Selecting VM Study Subjects; Timing of VM Studies; VM Application Criteria.
NEW QUESTION # 47
SWOT stands for
Answer: D
Explanation:
The correct answer is B. strengths, weaknesses, opportunities, and threats . SWOT is a strategic assessment tool used to examine both internal and external conditions affecting an organization, program, project, or study subject. In the SAVE International certification study context, SWOT is identified as a tool under VM program and organizational assessment practices, specifically as Strengths, Weaknesses, Opportunities, and Threats . ( ) The distinction between the four terms is important. Strengths and weaknesses normally describe internal factors, such as organizational capability, resources, skills, process maturity, or limitations. Opportunities and threats normally describe external factors, such as market conditions, stakeholder expectations, regulatory changes, competing priorities, risks, or environmental influences. In a VM program, SWOT can help managers understand where the program is strong, where corrective improvement is needed, where expansion or innovation is possible, and where resistance or risk may affect implementation.
Options A, C, and D are incorrect because "organization," "standards," and "thresholds" are not part of the SWOT acronym. They may be relevant management terms, but they do not define SWOT.
References/topics: VM Programs; Strategic Assessment; SWOT Analysis; Program Planning; Organizational Readiness.
NEW QUESTION # 48
Which of the following support an organization in lessons learned from a VM study?
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are B and C . Lessons learned from a VM study are intended to strengthen organizational learning, improve future VM applications, and convert study experience into repeatable management knowledge. SAVE's study guidance identifies Value Study follow-up as the activity used to follow up on implementation results and improve the application of VM for future studies. It specifically includes preparing reports of study results and lessons learned, identifying missed opportunities, identifying roadblocks to innovation, debriefing and recording lessons learned, and integrating results into the organization's lessons- learned or program reporting system. ( cdn..com ) Therefore, documenting both successes and challenges is essential because lessons learned must be balanced, factual, and useful for future teams. Capturing only positive outcomes would distort the learning record, while capturing only failures would create blame rather than improvement. Requiring changes based on specific challenges is also appropriate because lessons learned should result in corrective or preventive action where recurring obstacles, process gaps, or implementation barriers are identified.
Option A is incorrect because VM lessons learned should not be a blame exercise focused on design errors and responsible individuals. Option D is incorrect because negative impacts must not be filtered out; they are often the most important source of improvement.
References/topics: VM Programs; Value Study Follow-Up Activities; Lessons Learned; Program Reporting; Implementation Feedback.
NEW QUESTION # 49
Lower-order functions are
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are A and B . In FAST-based Function Analysis, lower-order functions are also known as assumed or causative functions because they represent the initiating input that causes, enables, or "turns on" the project, product, process, or service. SAVE's Value Methodology glossary defines a lower-order function as the function selected to initiate the project, product, or process and identifies it as an input outside the subject scope. ( ) The SAVE glossary also states that lower-order functions are not part of the VM study scope and are inputs for the project, product, process, service, or organization.
In a FAST diagram, the study scope is bounded by scope lines. The subject scope lies between the higher- order and lower-order functions; therefore, lower-order functions are positioned outside the study boundary on the input side, conventionally beyond the right scope line. ( ) They are not an output of the VM Study; rather, they are boundary-condition inputs used to establish the function logic path. They are also not generally determined by the customer; customer needs are more closely associated with higher-order functions and value requirements.
References/topics: Function Analysis Phase; FAST Diagramming; Lower-Order Functions; Assumed
/Causative Functions; Scope Lines.
NEW QUESTION # 50
What should the VM facilitator consider for the title of a VM proposal?
Choose 2 answers.
Answer: C,D
Explanation:
The correct selections are A and C . A VM proposal title should be clear, concise, and persuasive because it is part of the communication package used to move a value alternative toward management understanding, acceptance, and implementation. In the Presentation Phase, the value team presents value alternatives to management, stakeholders, or decision makers, with the intent of helping them make informed decisions aligned with strategic objectives. The SAVE study guide identifies the Presentation Phase purpose as presenting value alternatives to management and other decision makers, and its outcome includes ensuring stakeholders understand the rationale of alternatives and generating interest to sanction implementation. ( cdn..
com )
Therefore, a concise title helps the proposal communicate its central idea quickly without obscuring the function, benefit, or decision point. Framing the title to help sell the concept is also appropriate because a VM proposal must communicate value, not merely describe a technical change. The facilitator should avoid overly specific technical language when it narrows the audience's understanding, and avoid general jargon because it weakens clarity, credibility, and decision usefulness. A strong title should express the value opportunity in management-facing terms.
References/topics: Presentation Phase; Development Phase; VM Proposal Communication; Value Alternatives; Management Decision Support.
NEW QUESTION # 51
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