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| Section | Objectives |
|---|---|
| Topic 1: Professional Practice Requirements | - Project documentation and reporting - Value study facilitation |
| Topic 2: Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
| Topic 3: Job Plan Phases | - Information Phase
|
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NEW QUESTION # 118
Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installed cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installed cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax Between carpet and vinyl, which is a better value option for the owner over the service life of the products?
Answer: C
Explanation:
The correct answer is A. Carpet $120,000 . This is an Evaluation Phase life-cycle cost comparison. SAVE's VM Dictionary defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal or salvage value over a specified period. It also defines recurrent annual cost as operation and maintenance cost occurring throughout each year of service life.
For carpet , the initial cost is:
1,000 square meters × $30 = $30,000
The monthly vacuum maintenance cost is:
$500 × 12 months × 10 years = $60,000
The annual shampoo cost is:
$3,000 × 10 years = $30,000
Therefore, carpet life-cycle cost is:
$30,000 + $60,000 + $30,000 = $120,000
Vinyl is not the better value option in the listed choices. Even though vinyl has a lower initial installed cost, its recurring strip-and-wax maintenance is significant. Over a 10-year comparison period, vinyl would be:
$10,000 + $48,000 + $120,000 = $178,000
That corresponds to option D, but it is higher than carpet's $120,000. The CVS exam trap is focusing on lowest initial cost instead of total cost over the study period. In Value Methodology, value decisions require considering function, performance, and total resource commitment, not first cost alone.
References/topics: Evaluation Phase; Life-Cycle Cost; Initial Cost; Recurrent Annual Cost; Alternative Comparison.
NEW QUESTION # 119
Which of the following strategies should be used to enhance understanding of VM proposals presented during the Presentation Phase?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are C and D . In the Presentation Phase, the purpose is not simply to display information, but to communicate the developed VM proposals clearly enough for decision makers to understand the recommendation, its basis, and its value improvement opportunity. SAVE's Value Methodology Standard states that the Presentation Phase should develop a report and/or presentation that documents and conveys the adequacy of the developed alternatives and their associated value improvement opportunity. ( ) Using baseline and proposed graphics at a similar level of complexity helps the audience compare the current condition against the recommended alternative without distortion. If one graphic is overly detailed and the other is simplified, the comparison may become misleading or difficult to evaluate. Providing clear explanations and context is equally important because graphics alone rarely communicate assumptions, functional trade-offs, cost implications, risks, or implementation constraints.
Option A is incorrect because relying only on graphics removes the technical reasoning needed for acceptance. Option B is also incorrect because excessive graphics can dilute the message and distract from the proposal's functional and value basis.
References/topics: Presentation Phase; VM Proposal Communication; Baseline vs Proposed Comparison; Decision-Maker Understanding; VM Report and Presentation.
NEW QUESTION # 120
Which of the following are specific VM facilitator tasks to be completed prior to the VM study workshop?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A and B because both are facilitator responsibilities performed during the Pre- Workshop / Preparation Phase . The SAVE study guide defines this stage as the point where the team must
"Plan and organize the Value Study" and asks the fundamental question: "What has to be done to prepare for a Value Study?" Its listed activities include obtaining project data, collecting key documents such as scope definitions, drawings, specifications, reports, estimates, gathering customer/user information, distributing information to team members, developing the study schedule, and determining dates, times, location, and logistical needs. ( cdn..com ) Therefore, compiling information for use in the Information Phase is a proper facilitator task. Likewise, developing a high-level agenda or schedule and reviewing it with the client for concurrence is consistent with the preparation requirement to establish scope, objectives, timing, logistics, roles, responsibilities, and management expectations before the workshop begins.
Option C is incorrect because Implementation occurs after the workshop when accepted alternatives are reviewed, action plans are assigned, and changes are tracked. ( cdn..com ) Option D is incorrect because identifying project functions is principally a Function Analysis Phase team activity, not a facilitator pre- workshop decision. ( cdn..com ) References/topics: Preparation Phase; Pre-Workshop Activities; Information Phase Readiness; VM Facilitation and Team Dynamics.
NEW QUESTION # 121
Which of the following actions would be appropriate for creating an effective evaluation framework?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are B and D . An effective evaluation framework in Value Methodology must be structured, objective, and aligned with the subject's purpose. The SAVE Value Methodology Standard describes the Evaluation Phase as the point where the team follows a structured process to select ideas with value-improvement potential while delivering required functions and considering performance requirements and resource limits. ( ) Therefore, the facilitator and team must first define clear objectives and success criteria that align with the study subject's goals. Evaluation cannot be based on preference alone; criteria should connect to function, performance, cost, schedule, risk, quality, user needs, and implementation feasibility. Involving stakeholders is also appropriate because stakeholders help confirm whether the evaluation criteria reflect actual project, customer, owner, or user priorities. Their participation improves acceptance of selected ideas and reduces resistance during later development and implementation.
Option A is incorrect because the Creativity Phase is intended for generating ideas, not judging them.
Introducing evaluation too early suppresses divergent thinking. Option C is incorrect because a "gut feel index" is informal and subjective, while VM requires disciplined, traceable evaluation methods.
References/topics: Evaluation Phase; Evaluation Criteria; Stakeholder Engagement; VM Job Plan; Structured Idea Screening.
NEW QUESTION # 122
What should the VM facilitator do differently in the virtual versus in-person environment when delivering a VM presentation?
Answer: D
Explanation:
The correct answer is A. Consider participant access restrictions . In the Presentation Phase, the facilitator's objective is to ensure that the VM results are clearly communicated to the correct decision makers and stakeholders. SAVE's Value Methodology Standard defines the Presentation Phase as the point where the team leader develops a report or presentation that documents and conveys the adequacy of the developed alternatives and their associated value improvement opportunity. ( ) In a virtual environment, the facilitator must manage communication barriers that are less prominent in an in- person meeting. This includes participant access limitations, platform permissions, screen-sharing ability, security restrictions, audio/video capability, file access, and whether outside stakeholders can view presentation materials. If key participants cannot access the meeting platform, graphics, proposal write-ups, or shared documents, the presentation may fail even if the technical VM content is strong.
Option B is more related to virtual workshop planning or team exercises, not specifically delivering the final presentation. Option C is too narrow because "remote access" is only one part of broader participant access restrictions. Option D is not a required VM presentation adjustment and is not a core Presentation Phase requirement.
References/topics: Presentation Phase; VM Results Presentation; Stakeholder Communication; Virtual Facilitation; Participant Access and Engagement.
NEW QUESTION # 123
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