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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Leadership and Facilitation | 15% | - Workshop facilitation skills - Leading value study teams - Stakeholder management and communication |
| Topic 2: Value Methodology Principles and Concepts | 25% | - Value index, function and cost relationship - Origins, development and application scope of Value Methodology - Definition and core concepts of Value |
| Topic 3: Tools and Techniques | 20% | - Decision-making and evaluation tools - Function analysis system technique (FAST) - Cost analysis and worth assessment - Creative thinking and idea generation methods |
| Topic 4: Standards, Ethics and Application | 10% | - Professional ethics and responsibilities - Application in different industries and sectors - SAVE International standards and guidelines |
| Topic 5: Value Methodology Job Plan | 30% | - Presentation and implementation phase - Development phase - Function analysis phase - Evaluation phase - Preparation phase - Creative phase - Information phase |
>> Latest CVS Test Objectives <<
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NEW QUESTION # 103
A VM program's standard operating procedures should include
Answer: B
Explanation:
The correct answer is B . A VM program's standard operating procedures should define how candidate subjects or projects are identified, screened, selected, prioritized, and authorized for VM studies. This belongs to VM program governance because limited VM resources must be applied to subjects with appropriate scope, timing, information availability, organizational importance, and value-improvement potential. SAVE's Value Standard states that the standard assists managers and value program managers in applying VM within organizations in a consistent manner, and also guides practitioners and managers in determining when to apply VM to a project to maximize innovation and implementation benefits. ( wsdot.wa.gov ) Option A is too rigid. SAVE recognizes multidisciplinary teams of experienced professionals and stakeholders; people outside the project may be added for perspective, but every team member is not required to be independent from the development team. ( wsdot.wa.gov ) Option C is incorrect because functions are not pre-listed generically; they are identified specifically for the study subject during Function Analysis.
Option D is also incorrect because creativity should encourage broad idea generation, but the SOP should not prescribe a fixed number of ideas as a universal requirement. VM procedures should standardize the management process, not force artificial technical outputs.
References/topics: VM Programs; Program SOPs; Study Subject Identification; Value Program Management; Study Selection Criteria.
NEW QUESTION # 104
Which of the following actions would be appropriate to effectively report lessons learned for a VM program?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A and C . In a VM Program, lessons learned should be captured, communicated, and converted into practical improvement for future value studies. Creating a summarized report and sharing it with the project team is appropriate because it records what worked, what did not work, what assumptions changed, what facilitation issues occurred, and what implementation barriers or success factors were observed.
Scheduling a team meeting is also appropriate because lessons learned are most useful when discussed, validated, and connected to future application. SAVE's VM Job Plan identifies Post-Study activity as completing changes, implementing changes, and monitoring status, with the objective of assuring implementation of approved recommendations. ( courses.washington.edu ) A lessons-learned review supports that same control mindset by improving future VM planning, team selection, facilitation, proposal development, and implementation follow-through.
Option B is weak because storing a report without distribution does not transfer knowledge. Option D is incorrect because successful projects still produce valuable positive lessons that should be repeated.
References/topics: VM Programs; Post-Study Activities; Lessons Learned; Knowledge Transfer; Continuous Improvement; VM Program Management.
NEW QUESTION # 105
There is resistance to a new VM program in an organization. What should a VM program coordinator focus on to increase acceptance of VM?
Answer: B
Explanation:
The correct answer is D. Identify a few subjects that would benefit from change and recommend a VM study through dialogue with staff . When an organization resists a new VM program, the coordinator should build acceptance through participation, relevance, and early demonstrated value-not by forcing compliance or emphasizing deficiencies.
SAVE's Study Guide describes VM as a systematic process used by a multidisciplinary team to improve value through function analysis, with value improvement achieved by identifying alternate ways to accomplish required functions. ( ) This means VM acceptance is strongest when people see how the method applies to real organizational problems. The Study Guide also emphasizes that management should support resources and implementation, while affected parties should be involved early to gain maximum benefit from a Value Study. ( ) Option A may help education, but it does not directly overcome resistance. Option B can sound accusatory and may increase defensiveness. Option C creates top-down compliance, not genuine acceptance. Option D is best because it uses dialogue, selects practical pilot opportunities, and allows staff to experience VM as useful rather than imposed.
References/topics: VM Programs; Program Acceptance; Value Manager Role; Stakeholder Engagement; Organizational Change; Value Study Selection.
NEW QUESTION # 106
Which of the following are the purposes of function analysis?
Choose 4 answers.
Answer: B,C,D,F
NEW QUESTION # 107
A small group within the VM team is sitting silently and won't engage. What should the VM facilitator do?
Answer: D
Explanation:
The correct answer is B. Open discussions with the group . In VM facilitation, silence from a subgroup is a participation barrier that must be addressed constructively, not punished or ignored. The facilitator's responsibility is to maintain a productive team environment, encourage balanced participation, and protect the integrity of the Job Plan. SAVE-related VM guidance emphasizes that the team leader must have both Value Methodology training and team facilitation capability, including strong leadership and communication skills. ( UW Courses ) A silent subgroup may indicate disagreement, confusion, resistance, lack of psychological safety, or hidden technical concerns. Opening discussion allows the facilitator to surface the cause without embarrassing the participants. This may be done through neutral questions, direct invitation, small-group check-ins, or reframing the issue so the subgroup can contribute safely.
Option A is inappropriate because asking them to leave damages trust and reduces multidisciplinary input.
Option C is incorrect because ignoring disengagement allows dysfunction to grow. Option D may help later, but engaging others first does not address the disengaged subgroup directly. The facilitator should first open communication with the silent group and reintegrate them into the VM process.
References/topics: VM Facilitation; Team Dynamics; Communication Skills; Participation Management; VM Study Team Leadership.
NEW QUESTION # 108
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