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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Leadership and Facilitation | 15% | - Leading value study teams - Workshop facilitation skills - Stakeholder management and communication |
| Topic 2: Standards, Ethics and Application | 10% | - Application in different industries and sectors - Professional ethics and responsibilities - SAVE International standards and guidelines |
| Topic 3: Value Methodology Principles and Concepts | 25% | - Value index, function and cost relationship - Definition and core concepts of Value - Origins, development and application scope of Value Methodology |
| Topic 4: Tools and Techniques | 20% | - Cost analysis and worth assessment - Creative thinking and idea generation methods - Function analysis system technique (FAST) - Decision-making and evaluation tools |
| Topic 5: Value Methodology Job Plan | 30% | - Evaluation phase - Development phase - Preparation phase - Creative phase - Information phase - Presentation and implementation phase - Function analysis phase |
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NEW QUESTION # 32
Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?
Answer: C
Explanation:
The correct answer is C. Recommended alternatives, list of information reviewed, and function analysis . A value study report must document the technical basis of the VM study and provide management with enough objective information to make implementation decisions. The Presentation Phase requires the VM team to prepare presentation/supporting documentation, compare conclusions to success requirements from the Information and Function Analysis Phases, ensure management has full objective information, and prepare a formal report. ( ) Recommended alternatives belong in the report because the Development Phase converts selected ideas into clearly written value alternatives, supported by assumptions, sketches, calculations, cost comparisons, and implementation considerations. ( ) A list of information reviewed is also appropriate because the Information Phase gathers project data, key documents, cost data, quality data, marketing information, process flow charts, and other baseline material. ( ) Function analysis is essential because it records the functional basis of the study, including identified functions, function models, cost drivers, performance attributes, and value- mismatched functions. ( ) Option A is administrative and incomplete. Option B includes a stakeholder survey, which is not a standard core report element. Option D is weakened by "VM presentation," because the presentation is separate from the report deliverable.
References/topics: Presentation Phase; Value Study Report; Information Phase; Function Analysis Phase; Development Phase; Recommended Alternatives.
NEW QUESTION # 33
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: B
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 × $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 # 34
The VM study sponsor wants to limit the amount of time some of the VM team members participate. In which phases might the VM facilitator recommend these VM team members fully participate?
Choose 2 answers.
Answer: A,D
Explanation:
The correct phases are Function Analysis Phase and Creativity Phase . When participation time must be limited, the VM facilitator should protect the phases where multidisciplinary team contribution has the highest effect on value improvement. The Function Analysis Phase is central because the team defines project functions in active verb / measurable noun form and analyzes which functions need improvement, elimination, or creation to meet study goals. SAVE's Value Methodology Standard identifies this phase as the point where the team defines and analyzes functions, making it essential for shared understanding and correct problem framing. ( ) The Creativity Phase is also critical because the team uses creative techniques to identify alternative ways to perform the required functions. Diverse participation here improves idea quantity, prevents narrow technical thinking, and helps avoid premature commitment to existing solutions. The Implementation Phase occurs after proposal approval and is not normally the best place to require full participation from time-limited team members. The Presentation Phase communicates developed recommendations, but full participation by every limited-time team member is less essential than their contribution during function definition and idea generation.
References/topics: VM Facilitation; Team Participation Planning; Function Analysis Phase; Creativity Phase; Multidisciplinary Team Dynamics.
NEW QUESTION # 35
Between carpet and vinyl, which is a better value option for the owner over the service life of the products?
Answer: D
Explanation:
The correct answer is A. Carpet $120,000 . This question applies life-cycle cost comparison , which is commonly used in the Development Phase when VM alternatives are being analyzed for economic feasibility and owner value. The better value option is not determined by the lowest initial cost alone; it must include installed cost, maintenance cost, recurring service cost, and service life impacts.
For carpet:
Installed cost = 1,000 sq. m × $30 = $30,000 .
Vacuum maintenance = $500/month × 12 months × 10 years = $60,000 .
Annual shampoo = $3,000/year × 10 years = $30,000 .
Total carpet life-cycle cost = $30,000 + $60,000 + $30,000 = $120,000 .
For vinyl over a comparable 10-year ownership period:
Installed cost = 1,000 sq. m × $10 = $10,000 .
Vacuum maintenance = $400/month × 12 × 10 = $48,000 .
Strip and wax = $1,000/month × 12 × 10 = $120,000 .
Total vinyl cost = $178,000 .
Although vinyl has a lower initial cost, its recurring monthly strip-and-wax cost makes it more expensive.
Therefore, carpet provides the better value.
References/topics: Development Phase; Life-Cycle Costing; Economic Evaluation; Alternative Comparison; Owner Value.
NEW QUESTION # 36
Which behavior best reflects the proper role of a VM facilitator?
Answer: D
Explanation:
The correct answer is B . SAVE's dictionary defines a facilitator as someone who is substantively neutral, has no substantive decision-making authority, and helps a group improve how it identifies and solves problems, makes decisions, and increases effectiveness. In the VM context, the facilitator leads the group through the VM Job Plan and is associated with the Value Team Leader role.
Option A is wrong because a facilitator who pushes a preferred solution compromises neutrality and suppresses team ownership. Option C is too narrow; cost estimating may support the study, but the facilitator' s role is process leadership, not simply estimating. Option D is unrealistic and incorrect. Disagreement can be productive when managed professionally. The facilitator should structure the discussion, clarify assumptions, surface competing stakeholder needs, and guide the team toward function-based consensus. CVS facilitation requires discipline: the facilitator protects the process, manages participation, maintains phase boundaries, and prevents premature judgment while ensuring the team produces usable outputs.
References/topics: VM Facilitation; Team Dynamics; Facilitator Neutrality.
NEW QUESTION # 37
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