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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: Value Methodology Principles and Concepts | 25% | - Origins, development and application scope of Value Methodology - Definition and core concepts of Value - Value index, function and cost relationship |
| Topic 3: Tools and Techniques | 20% | - Creative thinking and idea generation methods - Cost analysis and worth assessment - Decision-making and evaluation tools - Function analysis system technique (FAST) |
| Topic 4: Value Methodology Job Plan | 30% | - Information phase - Presentation and implementation phase - Function analysis phase - Development phase - Preparation phase - Evaluation phase - Creative phase |
| Topic 5: Standards, Ethics and Application | 10% | - Application in different industries and sectors - SAVE International standards and guidelines - Professional ethics and responsibilities |
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NEW QUESTION # 83
Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?
Answer: B
Explanation:
The correct answer is A. $480,000 . In the CVS Value Methodology context, life-cycle cost includes the initial cost, recurrent annual costs, and discrete future replacement expenditures over the defined service period. SAVE's VM Dictionary defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal or salvage value over a specified period. It also defines recurrent annual cost as operation and maintenance cost occurring throughout each year, and single expenditure as a future replacement outlay occurring at discrete times during service life.
For Car A , the initial cost is $40,000 . Annual fuel use is calculated as:
40,000 km ÷ 10 km/liter = 4,000 liters per year
4,000 liters × $9 = $36,000 per year
$36,000 × 12 years = $432,000
Replacement costs occur every two years during the 12-year service period, excluding a replacement at the end of year 12 because the vehicle's service life ends. Therefore, replacements occur at years 2, 4, 6, 8, and 10
:
5 × ($600 batteries + $1,000 tires) = 5 × $1,600 = $8,000
Total LCC = $40,000 + $432,000 + $8,000 = $480,000 .
References/topics: Evaluation Phase; Life-Cycle Cost; Initial Cost; Recurrent Annual Cost; Single Expenditure; Cost Analysis.
NEW QUESTION # 84
Which of the following are the effects of increasing the duration of a VM study?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are B and D . Increasing the duration of a VM study gives the team more working time inside the structured Job Plan. SAVE describes Value Methodology as a structured process following defined phases such as Information, Function Analysis, Creativity, Evaluation, Development, and Presentation. ( Value Engineering ) When more time is available, the team can apply additional creative techniques during the Creativity Phase rather than relying only on basic brainstorming. This may include checklists, attribute listing, analogy, morphological methods, or other structured idea-generation approaches.
A longer study also allows evaluation techniques to be more thoughtful . In the Evaluation Phase, ideas from the Creativity Phase are screened, grouped, compared, ranked, and selected for further development. With more time, the team can apply better criteria, discuss advantages and disadvantages more carefully, consider cost, performance, risk, constructability, operations, and maintenance impacts, and reach stronger consensus.
Option A is incorrect because site-visit time may change depending on study scope and complexity. Option C is incorrect because more duration does not mean numerous FAST diagrams must be produced. Option E is not guaranteed because implementation depends on management approval, feasibility, funding, and follow- through after the study.
References/topics: VM Programs; Study Duration; Creativity Phase; Evaluation Phase; VM Job Plan Planning.
NEW QUESTION # 85
Place the steps of the Random Function Identification Technique in the correct order.
Answer:
Explanation:
Explanation:
1. Review information # 2. Create matrix or table # 3. List elements or components # 4. Brainstorm functions
# 5. Identify basic function(s)
The correct sequence follows the Function Analysis Phase logic used in Value Methodology. The team must first review information so that the subject under study is understood before any function statements are generated. SAVE's VMF curriculum places Random Function Identification directly within the Function Analysis Phase, after defining functions and before FAST diagramming and function-resource matrices. ( SAVE International Online Courses ) After reviewing the available data, the facilitator creates a matrix or table to organize the analysis. The team then lists the physical or process elements/components being examined. Once the elements are visible, the team can brainstorm functions using the required active verb and measurable noun format. SAVE's Value Methodology Standard states that the Function Analysis Phase begins by identifying and defining work and sell functions using active verbs and measurable nouns, and notes that this is often called Random Function Definition . ( courses.washington.edu ) The final step is to identify the basic function(s) because basic-function classification can only be done after candidate functions have been generated. This aligns with the Standard's sequence: define functions first, then classify them as basic or secondary. ( courses.washington.edu ) References/topics: Function Analysis Phase; Random Function Identification; Function Definition; Basic Function Classification.
NEW QUESTION # 86
A VM study team struggles to reach consensus while evaluating an idea during the Evaluation Phase. Which approaches should the VM facilitator use?
Choose 3 answers.
Answer: A,C,E
Explanation:
The correct approaches are A, B, and D because the facilitator's role in the Evaluation Phase is to keep the team in a structured, objective decision process rather than prematurely discarding ideas or resetting the workshop. SAVE's Value Methodology Standard defines the Evaluation Phase as the point where the team uses a structured process to select ideas with value-improvement potential while considering project functions, performance requirements, and resource limits. ( ) When consensus is difficult, the facilitator should first clarify the idea. Modifying the idea title can remove ambiguity, improve shared understanding, and ensure the team is evaluating the same concept. Asking for more information is also appropriate because disagreement often reflects insufficient technical, cost, risk, or implementation detail.
The facilitator must also ensure that every team member has provided input, since VM relies on multidisciplinary team judgment and stakeholder expertise. The Standard identifies the team as a multidisciplinary group chosen for relevant expertise and experience, including different points of view. ( ) Removing the idea is premature unless it clearly fails criteria, and restarting the evaluation process is unnecessary unless the entire evaluation basis is invalid.
References/topics: Evaluation Phase; VM Facilitation; Team Consensus; Structured Evaluation; Idea Clarification.
NEW QUESTION # 87
Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometer per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
What is the annual cost for Car C for the service life of the vehicle?
Answer: C
Explanation:
The correct answer is B. $216,000 . The question is asking for the annual operating cost for Car C across the full 12-year service life , not the one-year annual fuel cost alone. In life-cycle cost analysis, SAVE defines life-cycle cost as the sum of initial cost, recurrent annual cost, single expenditures, and disposal cost or salvage value over a specified period. It also defines recurrent annual cost as the operation and maintenance cost that occurs throughout each year of service life.
For Car C , annual fuel use is calculated from the annual driving distance and fuel efficiency:
40,000 km per year ÷ 20 km per liter = 2,000 liters per year
Fuel costs $9.00 per liter , so the annual fuel cost is:
2,000 liters × $9 = $18,000 per year
The service life is 12 years , so the annual cost over the service life is:
$18,000 × 12 years = $216,000
Option A. $18,000 is only the annual cost for one year. Option C. $198,000 has no valid basis from the stated data. Option D. $36,000 would match neither Car C's annual fuel use nor its service-life total. Tire replacement cost is excluded because the question asks for annual cost, not repair and replacement cost.
References/topics: Evaluation Phase; Life-Cycle Cost; Recurrent Annual Cost; Fuel Operating Cost; Service Life Costing.
NEW QUESTION # 88
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