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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Standards, Ethics and Application | 10% | - SAVE International standards and guidelines - Application in different industries and sectors - Professional ethics and responsibilities |
| Topic 2: Tools and Techniques | 20% | - Creative thinking and idea generation methods - Function analysis system technique (FAST) - Cost analysis and worth assessment - Decision-making and evaluation tools |
| Topic 3: Leadership and Facilitation | 15% | - Workshop facilitation skills - Stakeholder management and communication - Leading value study teams |
| Topic 4: Value Methodology Principles and Concepts | 25% | - Origins, development and application scope of Value Methodology - Value index, function and cost relationship - Definition and core concepts of Value |
| Topic 5: Value Methodology Job Plan | 30% | - Creative phase - Development phase - Function analysis phase - Preparation phase - Information phase - Presentation and implementation phase - Evaluation phase |
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NEW QUESTION # 39
Which statement best describes a FAST diagram?
Answer: D
Explanation:
The correct answer is B . FAST stands for Function Analysis System Technique. SAVE defines a FAST diagram as a graphical representation of dependent relationships of functions within a project, product, or process. The diagram uses logical relationships such as "How," "Why," and "When" to organize functions. It is a core Function Analysis tool because it forces the team to examine why functions exist, how they are accomplished, and which functions lie on the critical function logic path.
Option A is incorrect because schedule networks belong to project scheduling, not function modeling. Option C is wrong because cost spreadsheets may support resource analysis, but they do not show functional dependency logic. Option D is a procurement management artifact. FAST is valuable because it shifts the team from objects and components to function relationships. This enables better creativity because the team can ask, "How else can we perform this function?" rather than merely asking, "How can we make this component cheaper?" References/topics: FAST Diagram; Function Analysis System Technique; How-Why Logic.
NEW QUESTION # 40
Which behavior best reflects the proper role of a VM facilitator?
Answer: C
Explanation:
The correct answer is B . SAVE's dictionary defines a facilitator as someone who is substantively neutral, has no substantive decision-making authority, and helps a group improve how it identifies and solves problems, makes decisions, and increases effectiveness. In the VM context, the facilitator leads the group through the VM Job Plan and is associated with the Value Team Leader role.
Option A is wrong because a facilitator who pushes a preferred solution compromises neutrality and suppresses team ownership. Option C is too narrow; cost estimating may support the study, but the facilitator' s role is process leadership, not simply estimating. Option D is unrealistic and incorrect. Disagreement can be productive when managed professionally. The facilitator should structure the discussion, clarify assumptions, surface competing stakeholder needs, and guide the team toward function-based consensus. CVS facilitation requires discipline: the facilitator protects the process, manages participation, maintains phase boundaries, and prevents premature judgment while ensuring the team produces usable outputs.
References/topics: VM Facilitation; Team Dynamics; Facilitator Neutrality.
NEW QUESTION # 41
The Value Methodology
Choose 2 answers.
Answer: B,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 # 42
During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?
Answer: B
Explanation:
The correct answer is C because it directly applies both tracking and audit controls during the Implementation Phase. The CVS/SAVE Value Methodology guidance defines Implementation Activities as ensuring that accepted value alternatives are actually implemented and that the projected benefits are realized. It also identifies implementation responsibilities such as establishing action plans, obtaining commitments, setting review timeframes, tracking value achievement, signing off deliverables, validating benefits, and managing the implementation plan. ( ) Regular audits of project documentation are the most effective action because they verify that recorded data is accurate, current, traceable, and compliant with internal procedures while implementation is still active. This supports corrective action in real time rather than after-the-fact discovery. Option A is incomplete because it excludes tracking procedures. Option B monitors milestones but deliberately avoids auditing the process, which weakens compliance assurance. Option D is reactive and delayed; reviewing logs only at project close does not adequately control implementation performance or prevent noncompliance during execution. The SAVE study guide also emphasizes the value tracking process and tracking implementation results as part of VM program discipline. ( ) References/topics: Implementation Phase; Value Tracking Process; Implementation Plan; Follow-Up Activities; VM Program Reporting.
NEW QUESTION # 43
Which of the following are the outputs of the Presentation Phase?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are C and D . The Presentation Phase is where the VM facilitator and study team formally communicate the conclusions of the VM study to decision makers. SAVE's VM Standard Reference states that, in this phase, the facilitator develops a report and/or presentation that documents and conveys the conclusions and results of the VM study.
Therefore, the VM study report is a direct output of the Presentation Phase. It records the developed value alternatives, supporting analysis, cost/performance implications, and the basis for management review. The list of VM proposals and results is also an output because decision makers must understand what proposals were generated, what benefits they offer, and what outcomes or decisions are associated with them.
Option A, list of participants, may appear in a report appendix or study record, but it is not a primary Presentation Phase output. Option B is incorrect because scheduling the VM presentation is a planning
/logistics activity, not an output of the phase. The phase produces documented results and communicates VM proposals for decision and follow-up.
References/topics: Presentation Phase; VM Study Report; VM Proposals; Study Results; VM Job Plan.
NEW QUESTION # 44
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