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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Leadership and Facilitation | 15% | - Leading value study teams - Workshop facilitation skills - Stakeholder management and communication |
| Topic 2: Value Methodology Principles and Concepts | 25% | - Definition and core concepts of Value - Value index, function and cost relationship - Origins, development and application scope of Value Methodology |
| Topic 3: Value Methodology Job Plan | 30% | - Information phase - Function analysis phase - Creative phase - Preparation phase - Evaluation phase - Presentation and implementation phase - Development phase |
| Topic 4: Standards, Ethics and Application | 10% | - Application in different industries and sectors - Professional ethics and responsibilities - SAVE International standards and guidelines |
| Topic 5: Tools and Techniques | 20% | - Decision-making and evaluation tools - Cost analysis and worth assessment - Creative thinking and idea generation methods - Function analysis system technique (FAST) |
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NEW QUESTION # 106
What is the role of the client in the Information Phase?
Answer: D
Explanation:
The correct answer is A. Describe the project . In the Information Phase , the client, project sponsor, designer, or owner representative provides the VM team with the factual background needed to understand the study subject. The SAVE Value Methodology Standard describes this phase as the point where the project sponsor and/or designer brief the value study team and allow the team to ask questions based on its data research. ( courses.washington.edu ) This briefing is essentially the client's role: to explain what the project is, why it exists, what conditions affect it, what constraints apply, and what information the VM team must understand before moving into Function Analysis. The client may describe project scope, objectives, operational needs, performance requirements, site conditions, budget concerns, schedule issues, and known limitations.
Option B , defining expectations, is more closely tied to study planning and sponsor alignment. Option C , explaining the process, is the facilitator's responsibility. Option D , defining the agenda, is also normally handled by the VM facilitator during preparation and workshop management.
References/topics: Information Phase; Client Briefing; Project Sponsor Role; Data Package; VM Job Plan.
NEW QUESTION # 107
Which of the following are typically included in a VM study report?
Choose 3 answers.
Answer: B,D,E
Explanation:
A VM study report is the formal documentation of the value study process, findings, alternatives, and supporting rationale. The correct inclusions are workshop agenda and team members , summary of the VM Job Plan , and the ideas generated with their evaluation . The SAVE VM Standard identifies the Job Plan as the structured framework for a valid study, and the Presentation Phase requires the team leader or facilitator to develop a report and/or presentation that documents and conveys the alternatives and value improvement opportunity. ( cdn..com ) A report should therefore preserve the administrative record of the study, including agenda, attendance, team composition, and study process. It should also summarize how the Job Plan was followed, because the Job Plan is the disciplined sequence that gives the study validity. The creative and evaluation outputs are also reportable because ideas are generated in the Creative Phase and then screened through a structured Evaluation Phase to identify value-improvement potential.
Design plans and specifications are source information used during preparation/information gathering, but they are not normally reproduced as core VM study-report content. The VM presentation may be related to the report, but it is not the best answer as a typical internal report section.
References/topics: Presentation Phase; VM Study Report; VM Job Plan; Creative Phase; Evaluation Phase; Study Documentation.
NEW QUESTION # 108
A VM program's standard operating procedures should include
Answer: B
Explanation:
The correct answer is B . A VM program's standard operating procedures should define how candidate subjects or projects are identified, screened, selected, prioritized, and authorized for VM studies. This belongs to VM program governance because limited VM resources must be applied to subjects with appropriate scope, timing, information availability, organizational importance, and value-improvement potential. SAVE's Value Standard states that the standard assists managers and value program managers in applying VM within organizations in a consistent manner, and also guides practitioners and managers in determining when to apply VM to a project to maximize innovation and implementation benefits. ( wsdot.wa.gov ) Option A is too rigid. SAVE recognizes multidisciplinary teams of experienced professionals and stakeholders; people outside the project may be added for perspective, but every team member is not required to be independent from the development team. ( wsdot.wa.gov ) Option C is incorrect because functions are not pre-listed generically; they are identified specifically for the study subject during Function Analysis.
Option D is also incorrect because creativity should encourage broad idea generation, but the SOP should not prescribe a fixed number of ideas as a universal requirement. VM procedures should standardize the management process, not force artificial technical outputs.
References/topics: VM Programs; Program SOPs; Study Subject Identification; Value Program Management; Study Selection Criteria.
NEW QUESTION # 109
A company wants to add a new product to its manufacturing process. Who should provide input as this new product will affect the current manufacturing process?
Choose 3 answers.
Answer: B,C,D
Explanation:
The correct answers are B. Maintenance, C. Production, and E. Engineering . The question is focused on how adding a new product will affect the current manufacturing process , so input must come from the functions that directly understand equipment capability, production workflow, process design, downtime risk, maintainability, tooling, tolerances, and operational constraints. SAVE's Value Methodology Standard specifically states that VM can be applied to manufacturing processes , and that the Value Study Team should be a multidisciplinary group of experienced professionals and project stakeholders selected based on their expertise and experience with the project.
Production is essential because it understands line capacity, sequencing, labor flow, bottlenecks, cycle time, quality impact, and daily operating constraints. Maintenance is essential because a new product may require equipment changes, additional preventive maintenance, setup changes, spare parts, downtime planning, or reliability analysis. Engineering is essential because it understands product design, process capability, manufacturing methods, fixtures, tooling, specifications, and technical feasibility.
Marketing may provide market demand or customer preference input, but that is not the best answer when the question narrows the issue to the existing manufacturing process. Human resources may support staffing or training later, but it is not one of the three primary technical process stakeholders.
References/topics: Multidisciplinary Team; Stakeholder Expertise; Manufacturing Process VM; Team Composition.
NEW QUESTION # 110
Which of the following support an organization in lessons learned from a VM study?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are B and C . Lessons learned from a VM study are intended to strengthen organizational learning, improve future VM applications, and convert study experience into repeatable management knowledge. SAVE's study guidance identifies Value Study follow-up as the activity used to follow up on implementation results and improve the application of VM for future studies. It specifically includes preparing reports of study results and lessons learned, identifying missed opportunities, identifying roadblocks to innovation, debriefing and recording lessons learned, and integrating results into the organization's lessons- learned or program reporting system. ( cdn..com ) Therefore, documenting both successes and challenges is essential because lessons learned must be balanced, factual, and useful for future teams. Capturing only positive outcomes would distort the learning record, while capturing only failures would create blame rather than improvement. Requiring changes based on specific challenges is also appropriate because lessons learned should result in corrective or preventive action where recurring obstacles, process gaps, or implementation barriers are identified.
Option A is incorrect because VM lessons learned should not be a blame exercise focused on design errors and responsible individuals. Option D is incorrect because negative impacts must not be filtered out; they are often the most important source of improvement.
References/topics: VM Programs; Value Study Follow-Up Activities; Lessons Learned; Program Reporting; Implementation Feedback.
NEW QUESTION # 111
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