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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Value Concept
- VM Facilitation and Leadership - Value Methodology Job Plan Application - Function Analysis - Advanced VM Practice (Leadership-level application) |
The CVS certification verifies that you are a skilled professional. TestPDF product is designed by keeping all the rules and regulations in focus that SAVE International publishes. Our main goal is that you can memorize the actual SAVE International CVS Exam Question to complete the Certified Value Specialist (CVS) test in time with extraordinary grades.
NEW QUESTION # 12
Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor. Carpet installation cost is $30 per square meter. What is the initial cost of the carpet?
Answer: C
Explanation:
The correct answer is A . Initial cost is the acquisition, construction, production, or installation expenditure incurred at the start of the alternative's life. SAVE's dictionary defines initial cost as the initial expenditure of resources to develop, acquire, produce, or construct a project, product, or process, and notes that it is interchangeable with capital cost.
Here, the calculation is direct:
1,000 square meters ร $30 per square meter = $30,000.
The maintenance costs, shampooing cost, service life, and vinyl data are not needed for this specific question because it asks only for the initial cost of carpet , not the life-cycle cost. Options B, C, and D incorrectly include additional amounts or appear to mix operating/maintenance costs with initial cost. In CVS-style questions, the trap is often to include irrelevant life-cycle data. A disciplined evaluator first identifies the cost category being requested: initial cost, recurrent annual cost, single expenditure, salvage value, present worth, annualized cost, or total life-cycle cost.
References/topics: Evaluation Phase; Initial Cost; Life-Cycle Cost Analysis.
NEW QUESTION # 13
Some stakeholders disagree with their level of involvement in the VM study scope. What tool could the VM facilitator use to focus the group?
Answer: B
Explanation:
The correct answer is C. RACI matrix . When stakeholders disagree about their level of involvement, the facilitator needs a tool that clarifies roles, responsibility, authority, consultation, and communication expectations . A RACI matrix directly addresses this issue because it defines who is Responsible , Accountable , Consulted , and Informed for each activity or decision. In VM and VE practice, a RACI matrix is specifically used to identify who is responsible for implementation, who is accountable for costs and outcomes, who needs to be consulted during VM/VE studies, and who needs to be kept informed.
This makes RACI especially useful when involvement levels become controversial. It gives the facilitator a neutral structure to move the group away from personal preference and toward agreed participation logic. It also helps prevent over-involvement, under-involvement, unclear decision authority, and unnecessary stakeholder conflict.
A work breakdown structure defines work packages, not stakeholder engagement levels. SWOT analysis examines strengths, weaknesses, opportunities, and threats, but does not assign participation roles. Paired comparison is used for prioritizing options or criteria, not resolving involvement disagreements.
References/topics: VM Facilitation and Team Dynamics; Stakeholder Engagement; Study Scope Alignment; RACI Matrix; VM Program Governance.
NEW QUESTION # 14
What are key reasons to use a fine evaluation filter?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are A and C . A fine evaluation filter is used in the Evaluation Phase when the VM team needs a more disciplined and defensible method for screening ideas before selecting them for development.
SAVE's VM Job Plan states that evaluation factors and their relative importance should be agreed upon before ideas are evaluated, and that ideas are then ranked and rated against the most important evaluation criteria.
Option A is correct because the fine filter applies weighted relative importance to evaluation criteria. This prevents all criteria from being treated equally when some factors, such as cost, performance, risk, schedule, or customer impact, are more important than others. Option C is correct because this method increases rigor by moving the team from informal opinion to structured comparison. It supports rational selection of ideas for development and reduces bias, popularity-based decisions, and premature rejection of valuable alternatives.
Option B is incorrect because the purpose is not to slow the process or promote initial ideas. Option D may be a result of scoring, but it is not the primary distinguishing reason for using the fine filter.
References/topics: Evaluation Phase; Fine Evaluation Filter; Weighted Criteria; Ranking and Rating Ideas; Selection for Development.
NEW QUESTION # 15
In a function, the noun can be:
Answer: B
Explanation:
The correct answer is C. quantitative or qualitative . In Value Methodology, a function is expressed in a concise two-word structure: active verb + measurable noun . The noun identifies the object or outcome acted upon by the verb and should permit measurement wherever possible. SAVE's VM glossary defines a function as what a project, product, or process must do to meet customer needs and states that it is expressed using an active verb and measurable noun structure.
The noun may be quantitative when it supports a work or use function, such as "support weight," "transmit current," or "reduce cost." These nouns can be measured directly through units such as pounds, amperes, dollars, time, or capacity. The noun may also be qualitative when the function reflects sell, aesthetic, or esteem-related value, such as improving appearance, enhancing comfort, or satisfying users. SAVE's glossary distinguishes sell functions as usually qualitative, while work functions are usually quantitative.
Therefore, "quantitative or qualitative" is the only option that aligns with VM function definition rules.
References/topics: Function Analysis Phase; Function Definition; Work Functions; Sell Functions; Verb- Noun Function Format.
I can't select answers for a live timed certification exam.
For study/review, use this logic for the VM Job Plan :
The VM Job Plan is the structured sequence used to conduct a Value Methodology study. It normally includes the major phases such as Preparation, Information, Function Analysis, Creativity, Evaluation, Development, Presentation, and Implementation . A correct statement about the Job Plan should describe the full structured process, not just early planning.
Also, VM is not limited to financial savings. It balances function, quality, performance, cost, risk, and stakeholder value . So any option saying VM focuses mainly on financial benefit over quality/functionality is usually incorrect.
Implementation is the phase where approved VM results are carried into action. Therefore, statements about integrating study results through implementation align with the Job Plan concept.
Main topic: Value Methodology and Job Plan .
NEW QUESTION # 16
Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?
Choose 3 answers.
Answer: B,D,E
Explanation:
The correct answers are A, B, and C . An implementation plan for accepted VM proposals must translate approved recommendations into executable action. Therefore, it must identify the implementation costs , the responsible parties , and the schedule for completing the required activities. The SAVE Value Methodology Standard states that during proposal development, the team prepares implementation requirements, including estimated initial costs, life-cycle costs, and implementation costs , while accounting for risk and uncertainty.
It also requires technical data to identify schedule impact. ( UW Courses ) The same Standard further specifies that the implementation plan should include the proposed schedule of all implementation activities, team assignments, and management requirements. This directly supports responsibility and schedule as required plan elements. ( UW Courses ) In the Implementation/Post-Study activity, assignments may be made to VM team members or to other individuals designated by management, so the key requirement is not generic "VM Team involvement" but clear accountability. ( UW Courses )
"New proposals" are not part of the implementation plan for already accepted proposals; they would belong to a new study cycle or further development.
References/topics: Implementation Phase; Development Phase; Implementation Plan; Accepted VM Proposals; Responsibility Assignment; Schedule and Cost Requirements.
NEW QUESTION # 17
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