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| Section | Weight | Objectives |
|---|---|---|
| Value Methodology Principles and Concepts | 25% | - Value index, function and cost relationship - Origins, development and application scope of Value Methodology - Definition and core concepts of Value |
| Leadership and Facilitation | 15% | - Stakeholder management and communication - Leading value study teams - Workshop facilitation skills |
| Value Methodology Job Plan | 30% | - Function analysis phase - Evaluation phase - Presentation and implementation phase - Preparation phase - Information phase - Creative phase - Development phase |
| Standards, Ethics and Application | 10% | - Application in different industries and sectors - SAVE International standards and guidelines - Professional ethics and responsibilities |
| Tools and Techniques | 20% | - Function analysis system technique (FAST) - Decision-making and evaluation tools - Cost analysis and worth assessment - Creative thinking and idea generation methods |
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NEW QUESTION # 117
Which of the following are the effects of increasing the duration of a VM study?
Choose 2 answers.
Answer: C,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 # 118
What are effective approaches used by the VM facilitator during the Evaluation Phase?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are A and B . During the Evaluation Phase , the VM facilitator's role is to preserve structure, discipline, and decision quality while the team screens creative ideas for value-improvement potential. SAVE's Value Methodology Standard defines the Evaluation Phase as a structured evaluation process used to select ideas that can improve value while still delivering required functions and respecting performance requirements and resource limits. ( ) Therefore, the facilitator must recognize when discussion becomes off-topic and redirect the group toward the agreed evaluation criteria, study objectives, required functions, and constraints. This prevents the phase from becoming another brainstorming session or an unstructured debate. The facilitator must also establish a clear context for the session , meaning the team understands what is being evaluated, against which criteria, and for what decision purpose.
Option C is incorrect because evaluation may include clarification, combination, or refinement of ideas; useful modifications should not be automatically blocked. Option D is also incorrect because VM allows tailored application of methods, and the facilitator should select techniques appropriate to the study rather than force one universal technique. ( ) References/topics: Evaluation Phase; VM Facilitation; Idea Screening; Evaluation Criteria; Team Focus and Direction.
NEW QUESTION # 119
The project team expresses uncertainty about how their tasks align with the overall objectives of the VM Job Plan. What steps should the VM facilitator take to enhance understanding of the VM Job Plan?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are A and B . The issue in the scenario is not lack of a deadline; it is lack of shared understanding of how individual responsibilities support the VM Job Plan. SAVE describes Value Methodology as a multidisciplinary team process used to improve project value through function analysis, and the VM Standard requires the Value Study Team to include experienced professionals and project stakeholders selected for their expertise and project experience. Therefore, pairing project and VM team members for deeper role discussion is appropriate because it builds cross-functional understanding, clarifies responsibilities, and improves team integration.
Option B is also correct because the facilitator should actively guide discussion so team members understand how their tasks contribute to the structured Job Plan. SAVE's Study Guide states that the Job Plan supports team synergy within a structured process rather than a collection of individual opinions, and each phase provides information and understanding needed for the next phase. SAVE's glossary also defines a facilitator as a substantively neutral person who enables the group to improve problem solving, decision making, and effectiveness while leading the group through the VM Job Plan.
Option C is weaker because a low-interaction lecture does not address uncertainty effectively. Option D manages schedule compliance, not understanding or alignment.
References/topics: VM Facilitation; Team Dynamics; VM Job Plan; Multidisciplinary Team; Facilitator Role.
NEW QUESTION # 120
What are key factors that cause VM programs to fail?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are A and B . A VM program can fail when it is placed too narrowly inside one department because Value Methodology must operate as an organization-wide management process, not as the property of a single functional group. When VM is positioned inside one department, other departments may view it as that department's agenda rather than as a neutral, cross-functional decision-support process.
This weakens participation, reduces ownership of recommendations, and limits executive visibility.
An undefined implementation and change management process is also a major failure factor. VM studies produce recommendations, but the program succeeds only when those recommendations are reviewed, approved, assigned, tracked, and integrated into normal project or business controls. Without a defined implementation path, even technically strong VM proposals can remain unused. Change management is necessary because VM recommendations often alter scope, design, delivery approach, cost allocation, or stakeholder expectations.
By contrast, management support and tracking VM study results are success factors, not failure factors.
Executive support gives authority and resources, while tracking verifies savings, value improvement, and accountability.
References/topics: VM Programs; Program Organization; Management Support; Implementation Process; Change Management; Tracking VM Results.
NEW QUESTION # 121
Function analysis is used to
Choose 2 answers.
Answer: A,D
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 # 122
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