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| Section | Weight | Objectives |
|---|---|---|
| Value Methodology Job Plan | 30% | - Development phase - Presentation and implementation phase - Evaluation phase - Function analysis phase - Information phase - Creative phase - Preparation phase |
| Standards, Ethics and Application | 10% | - Professional ethics and responsibilities - Application in different industries and sectors - SAVE International standards and guidelines |
| 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 |
| Value Methodology Principles and Concepts | 25% | - Origins, development and application scope of Value Methodology - Definition and core concepts of Value - Value index, function and cost relationship |
| Leadership and Facilitation | 15% | - Stakeholder management and communication - Leading value study teams - Workshop facilitation skills |
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NEW QUESTION # 55
A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?
Answer: B
Explanation:
The correct answer is C . Using the stated formula, Value Index = Function Cost ÷ Function Worth =
$120,000 ÷ $80,000 = 1.50 . SAVE's dictionary defines Function Cost as the directly related resources allocated to a function and Function Worth as the lowest overall cost to perform a function without regard to criteria or code. It also defines Value Index as the monetary relationship of function cost to function worth, expressed as FC ÷ FW, where good value is VI # 1.0.
Option A reverses the formula and calculates FW ÷ FC. Option B would mean cost equals worth, which is not true here. Option D has no mathematical basis from the numbers given. A VI of 1.50 indicates a value mismatch: the current function cost exceeds the function worth. This does not automatically mean the function should be eliminated, but it does identify a strong candidate for creativity and evaluation. CVS candidates must be careful because some older materials express the ratio in reverse; the exam stem controls the formula.
References/topics: Evaluation Phase; Function Cost; Function Worth; Value Index.
NEW QUESTION # 56
Which approaches should the VM facilitator use to encourage innovation?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are B and C . A VM facilitator encourages innovation by moving the team beyond existing assumptions, current habits, and normal organizational boundaries. In the Creativity Phase, SAVE- oriented VM guidance emphasizes generating ideas for all possible ways to accomplish the required functions, rather than defending the existing solution. ( Value Engineering ) The facilitator therefore supports future-focused thinking, where the team imagines an ideal condition and considers long-term potential before judging feasibility. This is consistent with VM practice because creativity must be allowed to expand before evaluation, cost review, or technical screening begins.
Option C is also correct because innovation often comes from cross-disciplinary transfer. Borrowing ideas from other industries, technologies, processes, or disciplines helps the team discover alternative ways to perform the required function. The Creative Phase is specifically described as being unconstrained by habit, tradition, negative attitudes, assumed restrictions, and specific criteria. ( UW Courses ) Option A is incorrect because simply maintaining current systems preserves the baseline and limits breakthrough thinking. Option D is incorrect because avoiding combinations and testing prevents idea development and blocks innovation.
References/topics: VM Facilitation; Team Dynamics; Creativity Phase; Innovation; Divergent Thinking; Long-Term Value Potential.
NEW QUESTION # 57
How should the VM facilitator handle "conditionally accepted" VM proposals?
Choose 2 answers.
Answer: A,B
Explanation:
A conditionally accepted VM proposal is not fully approved yet. It means the decision makers see value in the proposal, but acceptance depends on certain changes, clarifications, added data, or further review. Therefore, the facilitator should first identify the modifications required for acceptance . This creates a clear action path and prevents the proposal from being wrongly recorded as fully approved.
The facilitator should also ask decision makers for the timing of the final decision . In VM reporting and implementation follow-up, unresolved proposals must have ownership, required actions, and a decision schedule. Without a timing commitment, conditionally accepted proposals can remain open and lose implementation momentum.
Option B is incorrect because a conditionally accepted proposal is not the same as an accepted proposal.
Listing it as accepted would misrepresent the decision status. Option D is weaker because the facilitator should not merely list deficiencies; the correct VM approach is to convert concerns into specific required modifications and next steps.
References/topics: Presentation Phase; Decision Documentation; Proposal Disposition; Implementation Planning; VM Facilitator Responsibilities.
NEW QUESTION # 58
A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?
Answer: A
Explanation:
The correct selection is D because it provides the strongest balance of study readiness, timing, and probability of return . A VM program manager must allocate limited study resources to the candidate most likely to produce measurable value improvement. SAVE guidance states that VM produces the greatest benefit early in development when basic project information is established but major design resources have not yet been fully committed. ( cdn..com ) It also notes that later studies are more likely to increase implementation cost. ( cdn..
com )
Option D is therefore superior because a 30% design with a detailed estimate gives the VM team enough factual information for function, cost, worth, and alternative analysis, while the project is still early enough for recommendations to be implemented economically. The fact that the previous similar project achieved the target ROI further supports selection because it indicates a credible return pattern. Option A is too late because the design is complete and ROI is already doubtful. Options B and C are too immature because design has not started; C is additionally weak because the similar previous project failed to meet ROI.
References/topics: VM Programs; Value Program Management; Study Selection; ROI; Timing of VM Studies; Preparation Phase.
NEW QUESTION # 59
Which of the following are fine filter actions a VM study team can take to evaluate ideas?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A and C . In the Evaluation Phase , the VM team moves from broad creative idea generation into structured judgment. SAVE's VM guidance identifies the Evaluation Phase as the point where ideas from the Creative Phase are synthesized, sorted, rated, ranked, and selected for development using previously established evaluation criteria. It also identifies fine filter activity as detailed evaluation, not a quick vote or informal reaction. ( courses.washington.edu ) A SWOT analysis for each idea is a fine filter action because it examines strengths, weaknesses, opportunities, and threats in a structured way. This supports deeper evaluation of feasibility, risk, benefits, constraints, and implementation exposure. Aligning each idea with the subject study goals is also correct because fine filtering must test whether an idea supports the agreed VM study objectives, user/customer needs, performance expectations, and value targets.
Option B is incorrect because feedback without discussion is closer to simple screening and does not represent detailed evaluation. Option D is too narrow because VM does not rank ideas only by estimated cost; value requires consideration of function, performance, quality, risk, time, and overall benefit.
References/topics: Evaluation Phase; Fine Filter; Evaluation Criteria; Idea Screening; VM Study Goals.
NEW QUESTION # 60
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