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| Section | Objectives |
|---|---|
| Professional Practice Requirements | - Value study facilitation - Project documentation and reporting |
| Job Plan Phases | - Evaluation Phase
|
| Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
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NEW QUESTION # 127
What tool could the VM study team use to show customer satisfaction?
Answer: B
Explanation:
The correct answer is Customer FAST . In Value Methodology, FAST is used in the Function Analysis Phase to model how functions relate to each other and to clarify what the project must accomplish from a functional perspective. The customer-oriented version of FAST is specifically designed to reflect that the customer determines value in the function analysis process. The SAVE study guide describes the Customer-Oriented FAST model as a variation that adds customer-focused support functions such as "attract users," "satisfy users," "assure dependability," and "assure convenience." ( ) This makes Customer FAST the best tool when the study team wants to show customer satisfaction as part of the value logic. Quality Function Deployment can capture or translate the voice of the customer, but the question asks for a tool to show customer satisfaction within the VM function structure. A quality management plan is a project quality control document, not a VM function model. A resource model addresses inputs or resource use rather than customer-perceived value. Therefore, Customer FAST is the most technically precise answer.
References/topics: Function Analysis Phase; FAST Diagramming; Customer-Oriented FAST; Customer Attitude; Function Modeling.
NEW QUESTION # 128
The VM study team appears engaged but is not making progress. Which of the following is the most likely cause?
Answer: B
Explanation:
The correct answer is A. Groupthink . In VM facilitation, a team can appear active, cooperative, and verbally engaged while still failing to make meaningful progress if members are converging too quickly, avoiding disagreement, or reinforcing the same assumptions. This is characteristic of groupthink , where apparent harmony masks weak analysis and limited challenge to alternatives. Groupthink is defined as a negative group decision process involving conformity pressure, self-censorship, and reduced critical examination in cohesive groups.
This aligns directly with VM team-dynamics responsibilities. The SAVE International Study Guide states that the Job Plan supports team synergy within a structured process , not merely a collection of individual opinions. ( ) The team leader must keep the team focused, keep members involved in discussion and work, and act as a catalyst to keep the team moving and motivated. ( ) Option B would more likely produce visible discomfort or withdrawal. Option C, social loafing, reflects reduced individual effort, not an engaged but stalled team. Option D may influence participation, but it is not the best diagnostic cause here. The facilitation response should restore inquiry, challenge assumptions, and encourage constructive dissent.
References/topics: VM Facilitation and Team Dynamics; Team Leader Responsibilities; Job Plan Discipline; Groupthink; Team Progress Barriers.
NEW QUESTION # 129
Which of the following actions would be appropriate to effectively report lessons learned for a VM program?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A and C . In a VM Program, lessons learned should be captured, communicated, and converted into practical improvement for future value studies. Creating a summarized report and sharing it with the project team is appropriate because it records what worked, what did not work, what assumptions changed, what facilitation issues occurred, and what implementation barriers or success factors were observed.
Scheduling a team meeting is also appropriate because lessons learned are most useful when discussed, validated, and connected to future application. SAVE's VM Job Plan identifies Post-Study activity as completing changes, implementing changes, and monitoring status, with the objective of assuring implementation of approved recommendations. ( courses.washington.edu ) A lessons-learned review supports that same control mindset by improving future VM planning, team selection, facilitation, proposal development, and implementation follow-through.
Option B is weak because storing a report without distribution does not transfer knowledge. Option D is incorrect because successful projects still produce valuable positive lessons that should be repeated.
References/topics: VM Programs; Post-Study Activities; Lessons Learned; Knowledge Transfer; Continuous Improvement; VM Program Management.
NEW QUESTION # 130
Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?
Answer: C
Explanation:
The correct answer is D. Annualized costs . In VM cost analysis, when a study item has a known unit cost and a known annual production quantity , multiplying the two gives the cost impact over one year. That makes the result an annualized cost , because the calculation converts a per-unit value into a yearly cost basis.
This distinction is important in manufacturing or repetitive-process VM studies. A component may appear inexpensive on a unit basis, but if it is used thousands or millions of times per year, its annualized cost may become a major value-improvement target. SAVE's VM Glossary defines cost as the monetary valuation of resources consumed in the production or delivery of a project, product, or process, and it also recognizes annualized cost as a cost expression used in life-cycle cost measurement. ( ) Option A, total costs , is too broad because it may include many cost categories and periods. Option B, life- cycle costs , covers acquisition, operation, maintenance, replacement, and disposal over time. Option C, incremental unit costs , concerns the cost of an additional unit, not annual volume impact.
References/topics: Information Phase; Cost Data; Cost Modeling; Annualized Costs; Manufacturing Study Items.
NEW QUESTION # 131
Which of the following are typically documented in the "accepted" VM proposal status report?
Choose 3 answers.
Answer: B,C,E
Explanation:
The correct answers are A. Next update, D. Tracking identification number, and E. Performance impacts . In the Implementation Phase, accepted VM proposals must be tracked so that the organization can confirm whether the approved value improvement is actually being carried into execution. The VM Guide explains that implementation status reports formally document and track the status of VM proposals and are used by VM program managers to follow implementation progress. It specifically identifies a tracking identification number as the code used to track the change within the organization, and it also requires discussion of performance impacts , including any deviation from the VM team's original performance assessment. ( pdfcoffee.com ) A next update is also appropriate because implementation status reporting is not a one-time record; it is a continuing control mechanism. The guide identifies "Next update" as the date of the next implementation status update. ( pdfcoffee.com ) Option C is incorrect because the VM study presentation is an input used earlier to resolve proposals, not a documented element of an accepted proposal status report. Option B is administrative and may appear in some organizations, but the essential accepted-proposal tracking content focuses on traceability, implementation follow-up, and validated impacts.
References/topics: Implementation Phase; Implementation Status Reports; Accepted VM Proposals; Tracking Identification Number; Performance Impacts; Next Update.
NEW QUESTION # 132
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