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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: 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 2: Standards, Ethics and Application | 10% | - SAVE International standards and guidelines - Professional ethics and responsibilities - Application in different industries and sectors |
| Topic 3: Leadership and Facilitation | 15% | - Workshop facilitation skills - Stakeholder management and communication - Leading value study teams |
| Topic 4: Value Methodology Job Plan | 30% | - Information phase - Development phase - Preparation phase - Function analysis phase - Presentation and implementation phase - Creative phase - Evaluation phase |
| Topic 5: Tools and Techniques | 20% | - Creative thinking and idea generation methods - Decision-making and evaluation tools - Function analysis system technique (FAST) - Cost analysis and worth assessment |
Whatever your professional, working towards a Certified Value Specialist CVS certification or designation takes a significant amount of effort and time. Once you have put all your effort, and investment and prepared well then you will be in a position to pass the Certified Value Specialist CVS Certification Exam. But once you get success in the Certified Value Specialist CVS test youโll be eligible to avail all the personal and professional benefits associated with Certified Value Specialist CVS certification.
NEW QUESTION # 34
SMART stands for
Answer: F
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 # 35
Which of the following are typically documented on an Implementation Form?
Choose 3 answers.
Answer: A,B,C
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 # 36
Which of the following are effective ways to create a good team-building atmosphere in the Creativity Phase?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are A and C . In the Creativity Phase , the VM team generates alternative ways to perform the required functions identified during Function Analysis. The atmosphere must support open participation, free thinking, and non-defensive contribution. Encouraging all team members to participate is essential because Value Methodology relies on a multidisciplinary team, not on one dominant expert. SAVE describes VM as a systematic process used by a multidisciplinary team led by a qualified facilitator to improve project value. ( Value Engineering ) The second correct answer is defer judgment of ideas to the Evaluation Phase . During creativity, ideas should be generated first and evaluated later. Early criticism reduces participation, blocks unusual ideas, and weakens team energy. The SAVE certification study material identifies Creativity as a distinct Job Plan phase before Evaluation, meaning idea generation and idea judgment are intentionally separated. ( ) Option B is incorrect because limiting each member to five ideas reduces quantity and restricts creative flow.
Option D is also incorrect because selectively recording ideas introduces premature screening. In effective VM facilitation, all ideas are captured first, then screened in the Evaluation Phase.
References/topics: Creativity Phase; Evaluation Phase; VM Facilitation; Team Dynamics; Brainstorming Ground Rules.
NEW QUESTION # 37
The VM job plan separates
Answer: A
Explanation:
The correct answer is A. creative steps from analytical steps . The VM Job Plan is structured so the team does not mix information gathering, function analysis, idea generation, judgment, and proposal development into one uncontrolled discussion. SAVE guidance describes the Job Plan as the process that guides the study team in identifying and focusing on key project functions to create ideas that result in value improvement. ( ) This separation is important because the Creative Phase requires free idea generation without premature criticism, feasibility judgment, or cost filtering. The Evaluation Phase then applies analytical judgment to screen, rank, and select ideas with value potential. The Development Phase further analyzes selected alternatives through cost, performance, risk, and implementation considerations. SAVE's VM Standard also states that a qualifying value study follows an organized Job Plan with defined phases, including Function Analysis, Creative, Evaluation, Development, and Presentation. ( ) Option B is incorrect because designers may be part of the multidisciplinary VM team. Option C is incorrect because cost and function are intentionally related during VM analysis. Option D is incorrect because project needs and functions are also connected; functions express what must be done to satisfy needs.
References/topics: Value Methodology and Job Plan; Creative Phase; Evaluation Phase; Function Analysis; Analytical vs Creative Thinking.
NEW QUESTION # 38
During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?
Answer: D
Explanation:
The correct answer is C because it directly applies both tracking and audit controls during the Implementation Phase. The CVS/SAVE Value Methodology guidance defines Implementation Activities as ensuring that accepted value alternatives are actually implemented and that the projected benefits are realized. It also identifies implementation responsibilities such as establishing action plans, obtaining commitments, setting review timeframes, tracking value achievement, signing off deliverables, validating benefits, and managing the implementation plan. ( ) Regular audits of project documentation are the most effective action because they verify that recorded data is accurate, current, traceable, and compliant with internal procedures while implementation is still active. This supports corrective action in real time rather than after-the-fact discovery. Option A is incomplete because it excludes tracking procedures. Option B monitors milestones but deliberately avoids auditing the process, which weakens compliance assurance. Option D is reactive and delayed; reviewing logs only at project close does not adequately control implementation performance or prevent noncompliance during execution. The SAVE study guide also emphasizes the value tracking process and tracking implementation results as part of VM program discipline. ( ) References/topics: Implementation Phase; Value Tracking Process; Implementation Plan; Follow-Up Activities; VM Program Reporting.
NEW QUESTION # 39
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