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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Value Methodology Foundations
- Advanced VM Practice (Leadership-level application) - Value Concept
- VM Study Execution and Team Management - Value Methodology Job Plan Application |
>> CVS Question Explanations <<
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NEW QUESTION # 67
Which of the following should be considered when preparing the VM study report?
Choose 3 answers.
Answer: A,C,E
Explanation:
The correct answers are B, D, and E . The VM study report is a formal communication tool prepared after the study to document the study process, findings, developed proposals, expected benefits, implementation considerations, and decision-support information. Therefore, the status of the VM study subject must be considered because the report should reflect the current condition, design stage, project phase, constraints, assumptions, and decisions affecting the subject.
The report must also focus on the typical audience of stakeholders and project managers . These readers need clear, usable information to understand the value opportunities, proposal rationale, cost/performance impacts, and implementation requirements. The report should support management action, not simply record technical discussion.
Option E is also correct because the report should be understandable to people who were not directly involved in the VM study . A good VM report allows future reviewers, decision makers, implementation teams, and auditors to understand what was studied, what alternatives were recommended, and why.
Option A is incorrect because "non-study focus groups" are not a primary consideration in preparing the study report. Option C is incorrect because excessive technical language can reduce clarity; the report should be clear, concise, and audience-focused.
References/topics: Presentation Phase; VM Study Report; Stakeholder Communication; Proposal Documentation; Decision Support.
NEW QUESTION # 68
Which of the following actions would be appropriate for creating an effective evaluation framework?
Choose 2 answers.
Answer: A,C
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 # 69
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: C
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 # 70
Which function statement is written in the most appropriate VM format?
Answer: D
Explanation:
The correct answer is B because VM functions are expressed in a two-word format using an active verb and a measurable noun. SAVE's VM Standard states that the team defines functions using a two-word active verb
/measurable noun context. The SAVE dictionary also explains that a function identifies what something does, independent of what it is or how it is accomplished, and is expressed as an active verb plus measurable noun.
Option A is wrong because it describes an object and attribute, not a function. "Strong steel beam" tells what the solution is, not what it does. Option C is too design-specific and sentence-based; it identifies the component and solution rather than abstracting the function. Option D is vague and not measurable. "Support load" is superior because it focuses on the required action without locking the team into a beam, slab, truss, or other specific solution. CVS candidates must be able to distinguish function language from component language.
References/topics: Function Definition; Verb-Noun Format; Function Analysis Phase.
NEW QUESTION # 71
What is the expected output or deliverable of the Information Phase?
Answer: C
Explanation:
The correct answer is B. Thorough understanding of the study subject . The Information Phase is designed to ensure that the VM study team understands the project, product, process, or service before performing function analysis or generating alternatives. SAVE's Value Methodology Standard states that the objective of the Information Phase is to complete the value study data package started during Pre-Study, receive briefings from the project sponsor or designer, ask questions, complete site visitation where needed, confirm improvement targets, and review the scope statement for adjustment.
Therefore, the expected output is not yet a proposal or a final value recommendation; it is a reliable, shared understanding of the study subject, including baseline requirements, constraints, costs, performance expectations, schedule factors, and stakeholder objectives. Option A is more closely related to the Function Analysis Phase , where cost-to-worth comparison identifies value improvement opportunities. Option C is also Function Analysis, because functions are defined after the team understands the subject. Option D belongs to the Development/Presentation Phases , where selected ideas become formal value improvement proposals.
References/topics: Information Phase; VM Job Plan; Study Subject Understanding; Data Package; Scope Review.
NEW QUESTION # 72
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