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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Leadership and Facilitation | 15% | - Stakeholder management and communication - Workshop facilitation skills - Leading value study teams |
| Topic 2: Value Methodology Principles and Concepts | 25% | - Value index, function and cost relationship - Definition and core concepts of Value - Origins, development and application scope of Value Methodology |
| Topic 3: Value Methodology Job Plan | 30% | - Creative phase - Evaluation phase - Function analysis phase - Information phase - Presentation and implementation phase - Preparation phase - Development phase |
| Topic 4: Standards, Ethics and Application | 10% | - Professional ethics and responsibilities - SAVE International standards and guidelines - Application in different industries and sectors |
| Topic 5: Tools and Techniques | 20% | - Decision-making and evaluation tools - Creative thinking and idea generation methods - Function analysis system technique (FAST) - Cost analysis and worth assessment |
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NEW QUESTION # 75
Which of the following should be considered when preparing the VM study report?
Choose 3 answers.
Answer: A,C,E
Explanation:
The correct answers are B, D, and E . The VM study report is a formal communication tool prepared after the study to document the study process, findings, developed proposals, expected benefits, implementation considerations, and decision-support information. Therefore, the status of the VM study subject must be considered because the report should reflect the current condition, design stage, project phase, constraints, assumptions, and decisions affecting the subject.
The report must also focus on the typical audience of stakeholders and project managers . These readers need clear, usable information to understand the value opportunities, proposal rationale, cost/performance impacts, and implementation requirements. The report should support management action, not simply record technical discussion.
Option E is also correct because the report should be understandable to people who were not directly involved in the VM study . A good VM report allows future reviewers, decision makers, implementation teams, and auditors to understand what was studied, what alternatives were recommended, and why.
Option A is incorrect because "non-study focus groups" are not a primary consideration in preparing the study report. Option C is incorrect because excessive technical language can reduce clarity; the report should be clear, concise, and audience-focused.
References/topics: Presentation Phase; VM Study Report; Stakeholder Communication; Proposal Documentation; Decision Support.
NEW QUESTION # 76
Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometer per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
What is the annual cost for Car C for the service life of the vehicle?
Answer: D
Explanation:
The correct answer is B. $216,000 . The question is asking for the annual operating cost for Car C across the full 12-year service life , not the one-year annual fuel cost alone. In life-cycle cost analysis, SAVE defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal cost or salvage value over a specified period. It also defines recurrent annual cost as the operation and maintenance cost that occurs throughout each year of service life.
For Car C , annual fuel use is calculated from the annual driving distance and fuel efficiency:
40,000 km per year ÷ 20 km per liter = 2,000 liters per year
Fuel costs $9.00 per liter , so the annual fuel cost is:
2,000 liters × $9 = $18,000 per year
The service life is 12 years , so the annual cost over the service life is:
$18,000 × 12 years = $216,000
Option A. $18,000 is only the annual cost for one year. Option C. $198,000 has no valid basis from the stated data. Option D. $36,000 would match neither Car C's annual fuel use nor its service-life total. Tire replacement cost is excluded because the question asks for annual cost, not repair and replacement cost.
References/topics: Evaluation Phase; Life-Cycle Cost; Recurrent Annual Cost; Fuel Operating Cost; Service Life Costing.
NEW QUESTION # 77
Which of the following indicates the need to train managers, team members, or decision-makers in the Value Methodology?
Choose 3 answers.
Answer: A,C,D
Explanation:
The correct indicators are poor results , reluctance to participate in a value study , and lack of management support . These are behavioral and organizational symptoms showing that the Value Methodology is not being understood, accepted, or applied correctly. VM depends on a disciplined Job Plan, qualified facilitation, multidisciplinary participation, and informed decision-making. SAVE describes VM as a systematic process applied by a multidisciplinary team to improve value through function analysis, and SAVE also emphasizes education, training, and certification as part of competent VM practice. ( Value Engineering ) Poor results suggest that participants may be using VM tools mechanically without understanding function analysis, value improvement, or the Job Plan logic. Reluctance to participate usually reflects misunderstanding, fear of criticism, or lack of awareness of the benefits of VM. Lack of management support is especially critical because VM programs require sponsorship, resources, implementation authority, and decision-maker commitment. Lack of technical expertise is not primarily a VM training indicator; it is a team composition issue. Lack of funding is a resource constraint, not direct evidence that VM education is needed.
References/topics: VM Programs; VM Training; Management Support; Program Implementation; Team Participation; Value Study Effectiveness.
NEW QUESTION # 78
What is needed most for a successful VM program?
Answer: D
Explanation:
The correct answer is A. Upper management commitment . A successful VM program is not sustained by technique alone. It requires organizational authority, visible sponsorship, resources, and follow-through from senior leadership. The SAVE International material identifies the Value Program Manager as reporting to a General Manager or member of Executive Staff , which shows that a VM program must be connected to senior management rather than treated as an isolated technical activity. ( UW Courses ) Following the VM Job Plan is essential for conducting a valid value study, but a Job Plan does not by itself create organizational adoption. Having trained staff is also important, but trained people cannot maintain a program without executive support, project selection, funding, management expectations, and implementation authority. Awareness of laws and standards helps compliance, but it is not the main driver of program success.
Upper management commitment ensures VM is accepted as part of the organization's normal decision- making process. It gives the program credibility, secures participation from departments, removes barriers, and supports implementation of accepted proposals. SAVE's Study Guide also recognizes VM as an organizational effort used to stimulate innovation and improve performance, which requires management- level support. ( ) References/topics: VM Programs; Management Commitment; Value Program Manager; Organizational Support; VM Program Success.
NEW QUESTION # 79
What is the ultimate objective of the Function Analysis Phase?
Answer: C
Explanation:
The correct answer is D. To prioritize functions . The Function Analysis Phase includes several important activities: identifying functions, defining them in active verb/measurable noun form, classifying them as basic or secondary, organizing their relationships, and relating cost or worth where required. However, these activities are not the final purpose by themselves. Their purpose is to determine which functions deserve the team's focused attention for value improvement.
SAVE's Value Methodology guidance explains that during Function Analysis, the team defines project functions and reviews them to determine which need improvement, elimination, or creation to meet study goals. ( WSDOT ) The Study Guide also states that functions performed inefficiently or at more than expected cost become the focus of the VM team's improvement effort. ( ) This means the ultimate output is a prioritized understanding of where value improvement opportunities exist.
Option A may occur in advanced function-cost analysis, but it is not the ultimate objective. Options B and C are necessary intermediate steps, but they support the larger goal of prioritizing functions for creativity, evaluation, and development.
References/topics: Function Analysis Phase; Function Definition; Function Classification; Function Organization; Function Prioritization; Value Improvement Opportunities.
NEW QUESTION # 80
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