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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Function Analysis - VM Study Execution and Team Management - VM Facilitation and Leadership - Value Methodology Foundations
- Value Methodology Job Plan Application - Value Concept
|
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NEW QUESTION # 12
Function analysis is used to
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are A and B . Function Analysis is used to give the VM team a clearer and often new understanding of the project by describing the project in terms of what it must do , rather than what it currently is . The SAVE International Study Guide identifies Function Analysis as the foundation of Value Methodology and states that functions are identified to describe the work being performed within the study scope. It also explains that functions are expressed through active verb and measurable noun pairings, which supports clear thinking and a shared understanding of functional requirements. ( ) Function Analysis is also used to identify improvements . After defining and naming project functions, the team reviews them to determine which functions may be inefficient, over-costly, or suitable for improvement.
The Study Guide further explains that this process allows the team to identify where value improvement opportunities exist in the project. ( ) Creating a collaborative environment is more broadly related to facilitation and team dynamics, not the primary purpose of function analysis. Assisting only individuals with a technical background is incorrect because VM is multidisciplinary.
References/topics: Function Analysis Phase; Function Definition; Functional Requirements; Value Improvement Opportunities; FAST/Function Modeling.
NEW QUESTION # 13
Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?
Choose 3 answers.
Answer: C,D,E
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 # 14
Which of the following are the effects of increasing the duration of a VM study?
Choose 2 answers.
Answer: B,E
Explanation:
The correct answers are B and D . Increasing the duration of a VM study gives the team more working time inside the structured Job Plan. SAVE describes Value Methodology as a structured process following defined phases such as Information, Function Analysis, Creativity, Evaluation, Development, and Presentation. ( Value Engineering ) When more time is available, the team can apply additional creative techniques during the Creativity Phase rather than relying only on basic brainstorming. This may include checklists, attribute listing, analogy, morphological methods, or other structured idea-generation approaches.
A longer study also allows evaluation techniques to be more thoughtful . In the Evaluation Phase, ideas from the Creativity Phase are screened, grouped, compared, ranked, and selected for further development. With more time, the team can apply better criteria, discuss advantages and disadvantages more carefully, consider cost, performance, risk, constructability, operations, and maintenance impacts, and reach stronger consensus.
Option A is incorrect because site-visit time may change depending on study scope and complexity. Option C is incorrect because more duration does not mean numerous FAST diagrams must be produced. Option E is not guaranteed because implementation depends on management approval, feasibility, funding, and follow- through after the study.
References/topics: VM Programs; Study Duration; Creativity Phase; Evaluation Phase; VM Job Plan Planning.
NEW QUESTION # 15
Which of the following actions would be appropriate for transforming your subject's information into a useful work breakdown structure?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are C and D . A useful Work Breakdown Structure converts project or study information into a structured breakdown of the total scope. In VM program planning, this supports clearer control of deliverables, responsibilities, schedule logic, and implementation follow-up. The WBS is not simply a chronological activity list; it is a structured decomposition of the work into defined, manageable elements.
This aligns with standard project-management guidance that describes the WBS as a hierarchical breakdown of project work into smaller components or work packages. ( Atlassian ) Option C is correct because identifying major milestones or high-level outputs and then decomposing them into manageable elements is a practical way to convert broad study information into usable work packages.
Option D is also correct because breaking the project into defined elements is the core purpose of the WBS.
Option A is incorrect because chronological sequencing belongs more to scheduling, not WBS construction.
Option B is incorrect because cost estimating may use the WBS later, but the WBS itself should be organized around scope, deliverables, and work elements rather than cost first. PMI also treats the WBS as a foundational project-control structure. ( Project Management Institute ) References/topics: VM Programs; Work Breakdown Structure; Implementation Planning; Project Scope Decomposition; Deliverable Control.
NEW QUESTION # 16
What are typical examples of evaluation criteria used for a business process study during the Evaluation Phase?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are A. Efficiency and D. Scalability . In the Evaluation Phase, the VM team uses structured criteria to screen and rank creative ideas based on their ability to improve value while still delivering the required functions. SAVE's Value Methodology Standard defines VM as a systematic process used by a multidisciplinary team to improve value through function analysis, and it confirms that VM applies not only to products and construction projects but also to business procedures, services, manufacturing processes, and business plans . ( ) For a business process study , typical evaluation criteria focus on how well an alternative improves process performance. Efficiency is a primary criterion because business-process alternatives are commonly judged by cycle time, resource use, duplication reduction, workflow simplification, and productivity. Scalability is also typical because the improved process should remain effective as transaction volume, users, locations, or organizational complexity increase.
Environmental impact may be valid in sustainability-driven studies, construction, or product/process engineering, but it is not a typical core criterion for a general business-process VM study. Maintenance is more typical for physical assets, facilities, equipment, or technical systems. The Evaluation Phase specifically selects ideas that offer value improvement while considering performance requirements and resource limits. ( ) References/topics: Evaluation Phase; Business Process Study; Evaluation Criteria; ; Scalability; Value Improvement.
NEW QUESTION # 17
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