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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - VM Study Execution and Team Management - VM Facilitation and Leadership - Advanced VM Practice (Leadership-level application) - Value Concept
- Function Analysis |
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NEW QUESTION # 116
Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installation cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installation cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax What is the initial cost of the carpet ?
Answer: D
Explanation:
The correct answer is A. $30,000 . The question asks only for the initial cost of the carpet, not its annual maintenance cost, life-cycle cost, present worth, or equivalent annual cost. In SAVE terminology, initial cost means the first expenditure required to acquire, produce, construct, or install the project, product, or process.
The SAVE VM Dictionary identifies initial cost as the initial expenditure of resources and also treats it as interchangeable with capital cost. It separately defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal or salvage value over a defined period. Therefore, the maintenance costs and service-life data are distractors for this specific calculation.
The carpet covers 1,000 square meters , and the installation cost is $30 per square meter . The calculation is:
1,000 × $30 = $30,000
Options B, C, and D incorrectly imply that additional costs have been added to the initial installation cost. In the Evaluation Phase, CVS candidates must identify the cost category being requested before performing the calculation. SAVE's VM Standard places structured evaluation after creativity to compare alternatives while considering performance requirements and resource limits.
References/topics: Evaluation Phase; Initial Cost; Capital Cost; Life-Cycle Cost Analysis; Cost Classification.
NEW QUESTION # 117
Which of the following situations are MOST appropriate for using a RACI matrix?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are B and D . A RACI matrix is most appropriate when the VM facilitator needs to clarify involvement, responsibility, accountability, consultation, and communication among participants or stakeholders. In the SAVE International Value Methodology Core Competencies, the RACI matrix is listed under the Information Phase as a method used to transform information, while process flowcharts are listed separately as a different technique. This distinction is important because a RACI matrix does not map process sequence; it clarifies roles and involvement.
A RACI chart defines who is Responsible, Accountable, Consulted, and Informed for project tasks, and it is used to reduce confusion, improve communication pathways, and establish clear ownership. ( Atlassian ) Therefore, it directly addresses communication gaps and misunderstood concepts related to who should act, decide, advise, or be kept informed.
Option A is incorrect because process-flow issues are better handled with a process flowchart. Option C is incorrect because validated assumptions do not require role clarification; they are already confirmed information.
References/topics: Information Phase; RACI Matrix; Methods to Transform Information; VM Facilitation; Stakeholder Communication.
NEW QUESTION # 118
Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?
Choose 3 answers.
Answer: A,B,D
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 # 119
Innovation styles, also known as creativity types, include
Answer: A
Explanation:
The correct answer is A. Visioning, modifying, and experimenting . In the VM Creativity Phase, the facilitator must help the team generate a broad quantity of ideas and alternative ways to perform required functions. The SAVE Study Guide places creativity within the certification body of knowledge and emphasizes divergent thinking, unrestricted idea generation, brainstorming techniques, and suspending judgment until the Evaluation Phase. ( ) Innovation styles, also called creativity types, describe how different people naturally approach idea generation and change. The recognized Innovation Styles model includes Visioning, Modifying, Exploring, and Experimenting . Visioning focuses on ideal future possibilities; modifying improves or refines what already exists; experimenting combines and tests different factors; and exploring seeks new or novel possibilities. ( TrainingEdge ) Option A is the best match because all three listed terms are recognized innovation styles. Option B includes
"exploring," but "adapting" and "brainstorming" are not innovation styles; brainstorming is a creativity technique. Option C and D mix problem-solving or analysis activities with non-style terms.
References/topics: Creativity Phase; Innovation Styles; Divergent Thinking; Team Creativity; VM Facilitation.
NEW QUESTION # 120
Which of the following are effective ways to create a good team-building atmosphere in the Creativity Phase?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A and C . In the Creativity Phase , the VM team generates alternative ways to perform the required functions identified during Function Analysis. The atmosphere must support open participation, free thinking, and non-defensive contribution. Encouraging all team members to participate is essential because Value Methodology relies on a multidisciplinary team, not on one dominant expert. SAVE describes VM as a systematic process used by a multidisciplinary team led by a qualified facilitator to improve project value. ( Value Engineering ) The second correct answer is defer judgment of ideas to the Evaluation Phase . During creativity, ideas should be generated first and evaluated later. Early criticism reduces participation, blocks unusual ideas, and weakens team energy. The SAVE certification study material identifies Creativity as a distinct Job Plan phase before Evaluation, meaning idea generation and idea judgment are intentionally separated. ( ) Option B is incorrect because limiting each member to five ideas reduces quantity and restricts creative flow.
Option D is also incorrect because selectively recording ideas introduces premature screening. In effective VM facilitation, all ideas are captured first, then screened in the Evaluation Phase.
References/topics: Creativity Phase; Evaluation Phase; VM Facilitation; Team Dynamics; Brainstorming Ground Rules.
NEW QUESTION # 121
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