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| Section | Objectives |
|---|---|
| Job Plan Phases | - Presentation Phase
|
| Professional Practice Requirements | - Project documentation and reporting - Value study facilitation |
| Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
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NEW QUESTION # 54
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: C
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 รท 20 km per liter = 2,000 liters per year
Fuel costs $9.00 per liter , so the annual fuel cost is:
2,000 liters ร $9 = $18,000 per year
The service life is 12 years , so the annual cost over the service life is:
$18,000 ร 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 # 55
The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan
Answer: B
Explanation:
The correct answer is B. focuses on what a subject does . The key difference between the VM Job Plan and many other problem-solving methods is its deliberate emphasis on function . In Value Methodology, the team does not begin by defending the existing design, component, process, or solution. Instead, it asks what the subject must do to satisfy the required need.
SAVE's Study Guide states that Value Methodology improves value through the analysis of functions and that Function Analysis is the activity that differentiates VM from other problem-solving or improvement practices. It also explains that functions describe the work being performed within the study scope using active verb and measurable noun pairings. ( ) Option A is incorrect because VM still requires adequate information during the Information Phase. Option C is incorrect because VM does not reduce analysis; it structures analysis through the Job Plan. Option D describes the scientific method more closely because hypothesis development and testing are central to scientific inquiry. The VM Job Plan is function-based: it defines, analyzes, creatively improves, evaluates, develops, and presents alternatives that better perform required functions. SAVE's VM Standard also confirms that Function Analysis defines project functions and identifies which functions require improvement, elimination, or creation. ( ) References/topics: Value Methodology and Job Plan; Function Analysis Phase; Function-Based Thinking; Active Verb/Measurable Noun; VM vs Scientific Method.
NEW QUESTION # 56
Which of the following should the project manager use to support the implementation of proposals?
Choose 2 answers.
Answer: C,D
Explanation:
The correct answers are B and C . In the VM Job Plan, implementation support requires more than approving an idea; it requires a controlled plan for turning accepted VM proposals into real changes. SAVE's Value Methodology Standard identifies Create Implementation Plan and Prepare Final Proposals as Development Phase activities, followed by Presentation Phase commitment and Post-Study implementation tracking. ( UW Courses ) A detailed implementation plan is essential because the standard specifically requires an implementation plan with a proposed schedule, implementation activities, team assignments, and management requirements. ( UW Courses ) This directly supports option B . A contingency plan is also appropriate because implementation must account for risk, uncertainty, schedule impact, resource availability, policy limits, and potential barriers.
The Development Phase includes implementation requirements that consider risk and uncertainty, making contingency planning a logical implementation-control tool. ( UW Courses ) Option A may be useful background information, but it is not the primary tool for implementing approved proposals. Option D is incorrect because implementation should not proceed blindly without assessing current policies, procedures, constraints, and organizational requirements.
References/topics: Implementation Phase; Development Phase; Implementation Plan; Risk and Uncertainty; Post-Study Implementation.
NEW QUESTION # 57
SMART stands for
Answer: E
Explanation:
The correct answer is F: Specific, Measurable, Attainable, Relevant, and Timebound . In Value Methodology, SMART thinking is used to make recommendations, implementation actions, objectives, and follow-up responsibilities clear enough to be managed. A VM proposal or implementation action should not be vague, general, or open-ended. It must state exactly what is to be done, how success will be measured, whether the action can realistically be achieved, how it supports the study objective or project need, and when it must be completed.
"Specific" requires a clear action or target. "Measurable" means the result can be checked through cost, performance, schedule, quality, or other defined criteria. "Attainable" confirms that the action is practical within available resources and constraints. "Relevant" ensures alignment with the value study objectives, functions, and stakeholder requirements. "Timebound" creates accountability through a completion date or defined time frame.
The incorrect options replace key SMART terms with weaker or incorrect words such as Standards , Accountable , or Reasonable . These may be useful concepts in management, but they do not form the standard SMART acronym used in VM action planning.
References/topics: Implementation Phase; VM Action Planning; Proposal Follow-Up; Performance Objectives; VM Programs.
NEW QUESTION # 58
Which of the following are typically documented on an Implementation Form?
Choose 3 answers.
Answer: B,C,E
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 # 59
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