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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Value Concept
- VM Study Execution and Team Management - Advanced VM Practice (Leadership-level application) - Function Analysis - Value Methodology Foundations
|
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NEW QUESTION # 135
On the function logic path in a FAST diagram.
Choose 3 answers.
Answer: C,D,E
Explanation:
The correct answers are A, C, and E . In the Function Analysis Phase, FAST diagramming organizes functions by How-Why logic , not by chronological sequence. SAVE's course structure places FAST Diagrams , How-Why and When Logic , and FAST Diagram Structure directly under the Function Analysis Phase, confirming that this is a core function-modeling competency. ( SAVE International Online Courses ) On the logic path, moving left to right answers the question, "How is this function achieved?" Therefore, the function on the right represents the approach, means, or method used to perform the function on the left.
Conversely, moving right to left answers "Why is this function performed?" Therefore, the function on the left expresses the goal, purpose, or higher-order reason for the function on the right. FAST guidance also states that higher-order functions are toward the left, while lower-order functions describing how they are accomplished are toward the right. ( Value Analysis ) A change to a function or method on the critical logic path affects the functions dependent on it, which are located to its right. ( ) References/topics: Function Analysis Phase; FAST Diagramming; How-Why Logic; Critical Path Functions.
NEW QUESTION # 136
Which of the following are fine filter actions a VM study team can take to evaluate ideas?
Choose 2 answers.
Answer: C,D
Explanation:
The correct answers are A and C . In the Evaluation Phase , the VM team moves from broad creative idea generation into structured judgment. SAVE's VM guidance identifies the Evaluation Phase as the point where ideas from the Creative Phase are synthesized, sorted, rated, ranked, and selected for development using previously established evaluation criteria. It also identifies fine filter activity as detailed evaluation, not a quick vote or informal reaction. ( courses.washington.edu ) A SWOT analysis for each idea is a fine filter action because it examines strengths, weaknesses, opportunities, and threats in a structured way. This supports deeper evaluation of feasibility, risk, benefits, constraints, and implementation exposure. Aligning each idea with the subject study goals is also correct because fine filtering must test whether an idea supports the agreed VM study objectives, user/customer needs, performance expectations, and value targets.
Option B is incorrect because feedback without discussion is closer to simple screening and does not represent detailed evaluation. Option D is too narrow because VM does not rank ideas only by estimated cost; value requires consideration of function, performance, quality, risk, time, and overall benefit.
References/topics: Evaluation Phase; Fine Filter; Evaluation Criteria; Idea Screening; VM Study Goals.
NEW QUESTION # 137
Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?
Choose 3 answers.
Answer: A,D,E
Explanation:
The correct answers are A, B, and C . An implementation plan for accepted VM proposals must translate approved recommendations into executable action. Therefore, it must identify the implementation costs , the responsible parties , and the schedule for completing the required activities. The SAVE Value Methodology Standard states that during proposal development, the team prepares implementation requirements, including estimated initial costs, life-cycle costs, and implementation costs , while accounting for risk and uncertainty.
It also requires technical data to identify schedule impact. ( UW Courses ) The same Standard further specifies that the implementation plan should include the proposed schedule of all implementation activities, team assignments, and management requirements. This directly supports responsibility and schedule as required plan elements. ( UW Courses ) In the Implementation/Post-Study activity, assignments may be made to VM team members or to other individuals designated by management, so the key requirement is not generic "VM Team involvement" but clear accountability. ( UW Courses )
"New proposals" are not part of the implementation plan for already accepted proposals; they would belong to a new study cycle or further development.
References/topics: Implementation Phase; Development Phase; Implementation Plan; Accepted VM Proposals; Responsibility Assignment; Schedule and Cost Requirements.
NEW QUESTION # 138
Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?
Answer: C
Explanation:
The correct answer is D. Annualized costs . In VM cost analysis, when a study item has a known unit cost and a known annual production quantity , multiplying the two gives the cost impact over one year. That makes the result an annualized cost , because the calculation converts a per-unit value into a yearly cost basis.
This distinction is important in manufacturing or repetitive-process VM studies. A component may appear inexpensive on a unit basis, but if it is used thousands or millions of times per year, its annualized cost may become a major value-improvement target. SAVE's VM Glossary defines cost as the monetary valuation of resources consumed in the production or delivery of a project, product, or process, and it also recognizes annualized cost as a cost expression used in life-cycle cost measurement. ( ) Option A, total costs , is too broad because it may include many cost categories and periods. Option B, life- cycle costs , covers acquisition, operation, maintenance, replacement, and disposal over time. Option C, incremental unit costs , concerns the cost of an additional unit, not annual volume impact.
References/topics: Information Phase; Cost Data; Cost Modeling; Annualized Costs; Manufacturing Study Items.
NEW QUESTION # 139
When is the most appropriate time to acquire information from the customer?
Answer: A
Explanation:
The correct answer is C. Before the VM study begins . Customer information must be acquired during the Preparation Phase , also called the pre-study effort, because the VM facilitator needs accurate project knowledge before the formal study session starts. This includes the customer's objectives, needs, constraints, priorities, budget concerns, schedule requirements, performance expectations, risk issues, and definition of success. Without this information, the VM team may begin the study with an unclear scope, incomplete data, or incorrect assumptions.
The customer's input also helps the facilitator select the right team members, prepare the agenda, identify required documents, define study boundaries, and confirm the decision-making framework. By the time the team enters the Information Phase, the study should already be organized and supported by relevant background data.
Option A is weaker because waiting until the study begins reduces efficiency and may waste team time.
Option B is incorrect because the final presentation is for communicating recommendations, not collecting basic customer requirements. Option D is incorrect because conceptual development occurs after functions and ideas have already been analyzed.
References/topics: Preparation Phase; Pre-Study Activities; Customer Requirements; Study Scope; VM Job Plan; Information Readiness.
NEW QUESTION # 140
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