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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - VM Facilitation and Leadership - Advanced VM Practice (Leadership-level application) - VM Study Execution and Team Management - Value Methodology Job Plan Application - Value Concept
|
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NEW QUESTION # 48
Match the following to their appropriate "How" direction on the function logic path for the prescription eyeglasses.
Answer:
Explanation:
Explanation:
The correct "How" direction follows the classical FAST logic path from the broader purpose toward the dependent means of accomplishment. SAVE defines FAST as a graphical representation of dependent relationships between functions and states that a Classical FAST model displays function interrelationships using how-why logic . In this eyeglasses example, Improve vision is the higher-order purpose: it explains why the basic function exists. The basic function is Correct vision , because prescription eyeglasses exist primarily to correct the user's vision. Moving in the "How" direction, the system corrects vision by Position lenses and Secure lenses ; the frame, bridge, arms, and nose pads exist to keep corrective lenses in the proper relationship to the eyes. The farthest "How"/lower-order decision is Select eyeglasses and Select contact lenses , representing the selected means or alternative correction approach.
The distractors are not on the critical function logic path. Secure position and Resist damage are supporting or secondary dependability functions. Complement appearance is a sell/aesthetic function, because it improves user acceptance but does not define the primary functional logic. SAVE's glossary distinguishes higher-order, lower-order, and secondary functions and explains that secondary functions support the basic function through a specific design approach.
References/topics: Function Analysis Phase; FAST Diagramming; How-Why Logic; Critical Function Logic Path; Basic, Higher-Order, Lower-Order, and Secondary Functions.
NEW QUESTION # 49
Match each Phase with its correct question:
Answer:
Explanation:
Explanation:
The correct matching follows the logic of the SAVE Value Methodology Job Plan. The Information Phase establishes factual understanding of the study subject, so its controlling question is "What is it?" The SAVE VM Standard describes this phase as reviewing current project conditions and identifying study goals. The Function Analysis Phase asks "What does it do?" because the team defines the project's functions in active verb/measurable noun form and analyzes which functions require improvement, elimination, or creation. The Creativity Phase asks "What else will do it?" because the team identifies alternative ways to perform the required functions. The Evaluation Phase asks "Will it work?" because ideas are screened against value potential, performance requirements, and resource limits. The Development Phase asks "What are the details?" because selected ideas are expanded into documented alternatives or proposals. Finally, the Presentation Phase aligns with "What if?" because decision makers must understand the implications, adequacy, risks, and value improvement opportunity before approving implementation. SAVE identifies these six phases as sequential and states that each phase provides the information needed for successful execution of the next phase.
References/topics: Value Methodology and Job Plan; Information Phase; Function Analysis Phase; Creativity Phase; Evaluation Phase; Development Phase; Presentation Phase.
NEW QUESTION # 50
When is the most appropriate time to acquire information from the customer?
Answer: D
Explanation:
The correct answer is C. Before the VM study begins . Customer information must be acquired during the Preparation Phase , also called the pre-study effort, because the VM facilitator needs accurate project knowledge before the formal study session starts. This includes the customer's objectives, needs, constraints, priorities, budget concerns, schedule requirements, performance expectations, risk issues, and definition of success. Without this information, the VM team may begin the study with an unclear scope, incomplete data, or incorrect assumptions.
The customer's input also helps the facilitator select the right team members, prepare the agenda, identify required documents, define study boundaries, and confirm the decision-making framework. By the time the team enters the Information Phase, the study should already be organized and supported by relevant background data.
Option A is weaker because waiting until the study begins reduces efficiency and may waste team time.
Option B is incorrect because the final presentation is for communicating recommendations, not collecting basic customer requirements. Option D is incorrect because conceptual development occurs after functions and ideas have already been analyzed.
References/topics: Preparation Phase; Pre-Study Activities; Customer Requirements; Study Scope; VM Job Plan; Information Readiness.
NEW QUESTION # 51
Which of the following are balanced scorecard perspectives?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are A. Cost and D. Innovation . In the CVS/Value Methodology program-management context, a balanced scorecard is used to measure organizational or program performance from more than one viewpoint, rather than judging success only by a single financial result. The traditional balanced scorecard framework includes financial, customer, internal process, and innovation/learning perspectives. Kaplan and Norton's original balanced scorecard concept includes an innovation and learning perspective, which makes Innovation a direct match. ( Harvard Business Review ) Cost is also acceptable because it represents the financial perspective of the scorecard. Financial measures commonly include cost, profit, expense control, return, and other resource-based measures. ACCA explains the financial perspective as measuring traditional financial performance, including costs and related financial indicators. ( ACCA Global ) Design is incorrect because it is a technical or product-development activity, not a balanced scorecard perspective. Marketing is also incorrect because it may support customer strategy, but the actual scorecard perspective is normally called the customer perspective , not marketing. Therefore, the best two answers from the given options are Cost and Innovation .
References/topics: VM Programs; Balanced Scorecard; Financial/Cost Perspective; Innovation and Learning Perspective; Program Performance Measurement.
NEW QUESTION # 52
Which of the following are key elements of a risk register?
Choose 2 answers.
Answer: C,D
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 # 53
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