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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Function Analysis - Advanced VM Practice (Leadership-level application) - Value Methodology Foundations
- VM Facilitation and Leadership - VM Study Execution and Team Management - Value Concept
|
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NEW QUESTION # 46
Innovation styles, also known as creativity types, include
Answer: A
Explanation:
The correct answer is A. Visioning, modifying, and experimenting . In the VM Creativity Phase, the facilitator must help the team generate a broad quantity of ideas and alternative ways to perform required functions. The SAVE Study Guide places creativity within the certification body of knowledge and emphasizes divergent thinking, unrestricted idea generation, brainstorming techniques, and suspending judgment until the Evaluation Phase. ( ) Innovation styles, also called creativity types, describe how different people naturally approach idea generation and change. The recognized Innovation Styles model includes Visioning, Modifying, Exploring, and Experimenting . Visioning focuses on ideal future possibilities; modifying improves or refines what already exists; experimenting combines and tests different factors; and exploring seeks new or novel possibilities. ( TrainingEdge ) Option A is the best match because all three listed terms are recognized innovation styles. Option B includes
"exploring," but "adapting" and "brainstorming" are not innovation styles; brainstorming is a creativity technique. Option C and D mix problem-solving or analysis activities with non-style terms.
References/topics: Creativity Phase; Innovation Styles; Divergent Thinking; Team Creativity; VM Facilitation.
NEW QUESTION # 47
Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installation 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
Installation 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 What is the initial cost of the carpet ?
Answer: A
Explanation:
The correct answer is A. $30,000 . The question asks only for the initial cost of the carpet, not its annual maintenance cost, life-cycle cost, present worth, or equivalent annual cost. In SAVE terminology, initial cost means the first expenditure required to acquire, produce, construct, or install the project, product, or process.
The SAVE VM Dictionary identifies initial cost as the initial expenditure of resources and also treats it as interchangeable with capital cost. It separately defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal or salvage value over a defined period. Therefore, the maintenance costs and service-life data are distractors for this specific calculation.
The carpet covers 1,000 square meters , and the installation cost is $30 per square meter . The calculation is:
1,000 Γ $30 = $30,000
Options B, C, and D incorrectly imply that additional costs have been added to the initial installation cost. In the Evaluation Phase, CVS candidates must identify the cost category being requested before performing the calculation. SAVE's VM Standard places structured evaluation after creativity to compare alternatives while considering performance requirements and resource limits.
References/topics: Evaluation Phase; Initial Cost; Capital Cost; Life-Cycle Cost Analysis; Cost Classification.
NEW QUESTION # 48
Which approaches should the VM facilitator use to encourage innovation?
Choose 2 answers.
Answer: A,D
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 # 49
Which of the following are inputs to the Presentation Phase?
Choose 3 answers.
Answer: B,C,E
Explanation:
The correct inputs are VM study subject information , List of participants , and VM proposals . The Presentation Phase is designed to communicate the VM study results to decision-makers and stakeholders so they can understand, challenge, and act on the team's recommendations. SAVE's VM Standard describes this phase as the point where the VM study team presents its recommendations to the decision-making body and seeks approval or direction for further information. ( UW Courses ) VM proposals are essential inputs because they are the developed recommendations carried forward from the Development Phase. VM study subject information is also required because the audience must understand the baseline condition, scope, objectives, cost, schedule, risk, and performance context before judging the proposals. List of participants is an input because the presentation must be planned around the correct stakeholders, decision-makers, technical reviewers, sponsor, facilitator, and team members.
Disposition decision is not an input; it is a decision outcome related to acceptance, rejection, or further action on proposals. The written VM study report is also not the best input here because the Presentation Phase develops or finalizes the report to document alternatives, supporting data, and the accepted implementation direction. ( UW Courses ) References/topics: Presentation Phase; VM Proposals; VM Study Subject Information; Participant List; VM Study Report.
NEW QUESTION # 50
Which of the following are key elements of a risk register?
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are B and D . A risk register is used to document, organize, and evaluate risks so that the VM team can understand how uncertainty may affect proposed alternatives. The two essential risk-register elements shown in the choices are probability of occurrence and impact on the scope . Probability identifies how likely the risk is to happen. Impact identifies what the consequence will be if the risk occurs, including possible effects on scope, cost, schedule, quality, performance, implementation, or stakeholder acceptance.
In the VM Job Plan, risk thinking becomes especially important when ideas move from creativity into evaluation and development. At that point, alternatives are no longer just possibilities; they must be tested for feasibility, consequences, and implementation exposure. A risk with high probability and high impact demands more attention than one with low probability and minor impact.
Option A, performance criteria , is related to evaluation criteria, not a core risk-register field. Option C, function of the risk , is not a standard risk-register element. Functions belong to Function Analysis and are normally expressed in verb-noun format, while risks are documented as uncertain events or conditions.
References/topics: Evaluation Phase; Development Phase; Risk Register; Risk Probability; Risk Impact; VM Proposal Screening.
NEW QUESTION # 51
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