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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Value Methodology Foundations
- Value Methodology Job Plan Application - Value Concept
- Advanced VM Practice (Leadership-level application) - VM Facilitation and Leadership |
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NEW QUESTION # 71
Which of the following actions would be appropriate to effectively report lessons learned for a VM program?
Choose 2 answers.
Answer: A,C
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 # 72
Which of the following are typically documented on an Implementation Form?
Choose 3 answers.
Answer: A,B,D
Explanation:
The correct answers are B, D, and E . An Implementation Form is used after VM proposals have been developed, presented, reviewed, and moved into disposition or execution tracking. Its purpose is to identify each accepted or pending value alternative clearly enough that management, the project team, and follow-up reviewers can track what proposal is being implemented, who developed or owns it, and how it will be handled.
The SAVE International Study Guide describes Implementation Activities as ensuring accepted value alternatives are implemented and that projected benefits are realized. It further identifies activities such as conducting an implementation meeting, determining the disposition of each value alternative, establishing action plans, obtaining commitments, setting timeframes, tracking value achievement, and validating benefits.
( )
Therefore, an implementation form normally requires traceable proposal identifiers: the VM proposal number
, the title of the VM proposal , and the developer or originator/responsible party . These fields allow each proposal to be tracked from study recommendation through acceptance, rejection, modification, and completion. A creative idea list belongs to the Creativity Phase record, not implementation tracking. Risk impacts may support development or recommendation documentation, but they are not as fundamental as proposal identity and responsibility fields on the implementation form.
References/topics: Implementation Phase; VM Proposal Tracking; Action Plans; Follow-Up; Value Study Recommendation Documentation.
NEW QUESTION # 73
Place the steps of the Random Function Identification Technique in the correct order.
Answer:
Explanation:
Explanation:
1. Review information # 2. Create matrix or table # 3. List elements or components # 4. Brainstorm functions
# 5. Identify basic function(s)
The correct sequence follows the Function Analysis Phase logic used in Value Methodology. The team must first review information so that the subject under study is understood before any function statements are generated. SAVE's VMF curriculum places Random Function Identification directly within the Function Analysis Phase, after defining functions and before FAST diagramming and function-resource matrices. ( SAVE International Online Courses ) After reviewing the available data, the facilitator creates a matrix or table to organize the analysis. The team then lists the physical or process elements/components being examined. Once the elements are visible, the team can brainstorm functions using the required active verb and measurable noun format. SAVE's Value Methodology Standard states that the Function Analysis Phase begins by identifying and defining work and sell functions using active verbs and measurable nouns, and notes that this is often called Random Function Definition . ( courses.washington.edu ) The final step is to identify the basic function(s) because basic-function classification can only be done after candidate functions have been generated. This aligns with the Standard's sequence: define functions first, then classify them as basic or secondary. ( courses.washington.edu ) References/topics: Function Analysis Phase; Random Function Identification; Function Definition; Basic Function Classification.
NEW QUESTION # 74
What does VOC stand for?
Answer: B
Explanation:
VOC stands for Voice of the Customer . In Value Methodology, VOC is primarily associated with the Information Phase , where the VM team gathers, organizes, reviews, and transforms information before moving into Function Analysis. SAVE International's Core Competencies specifically place "Voice of the customer" under Information Phase - Apply methods to transform information , tied to VM Guide Section
5.4.1 . ( )
The purpose of VOC is to capture what customers, users, owners, and stakeholders actually need, value, expect, and consider important. This is critical because VM does not define value only from the designer's, supplier's, or facilitator's perspective. Instead, value must be interpreted through customer-required functions, performance expectations, quality needs, constraints, and acceptance criteria. Option C, "voice of the client," is too narrow because the client may be only one stakeholder, while VOC reflects the broader customer/user value perspective. Options A and D are not recognized VM terms in this context.
References/topics: Information Phase; Voice of the Customer; Transforming Information; Customer Requirements; Value Determination.
NEW QUESTION # 75
Which of the following are inputs to the Presentation Phase?
Choose 3 answers.
Answer: A,C,D
Explanation:
The correct inputs are VM study subject information , List of participants , and VM proposals . The Presentation Phase is designed to communicate the VM study results to decision-makers and stakeholders so they can understand, challenge, and act on the team's recommendations. SAVE's VM Standard describes this phase as the point where the VM study team presents its recommendations to the decision-making body and seeks approval or direction for further information. ( UW Courses ) VM proposals are essential inputs because they are the developed recommendations carried forward from the Development Phase. VM study subject information is also required because the audience must understand the baseline condition, scope, objectives, cost, schedule, risk, and performance context before judging the proposals. List of participants is an input because the presentation must be planned around the correct stakeholders, decision-makers, technical reviewers, sponsor, facilitator, and team members.
Disposition decision is not an input; it is a decision outcome related to acceptance, rejection, or further action on proposals. The written VM study report is also not the best input here because the Presentation Phase develops or finalizes the report to document alternatives, supporting data, and the accepted implementation direction. ( UW Courses ) References/topics: Presentation Phase; VM Proposals; VM Study Subject Information; Participant List; VM Study Report.
NEW QUESTION # 76
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