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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Value Methodology Job Plan | 30% | - Evaluation phase - Presentation and implementation phase - Creative phase - Preparation phase - Information phase - Function analysis phase - Development phase |
| Topic 2: Tools and Techniques | 20% | - Decision-making and evaluation tools - Function analysis system technique (FAST) - Creative thinking and idea generation methods - Cost analysis and worth assessment |
| Topic 3: Value Methodology Principles and Concepts | 25% | - Origins, development and application scope of Value Methodology - Value index, function and cost relationship - Definition and core concepts of Value |
| Topic 4: Leadership and Facilitation | 15% | - Workshop facilitation skills - Leading value study teams - Stakeholder management and communication |
| Topic 5: Standards, Ethics and Application | 10% | - SAVE International standards and guidelines - Professional ethics and responsibilities - Application in different industries and sectors |
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NEW QUESTION # 68
The VM job plan separates
Answer: A
Explanation:
The correct answer is A. creative steps from analytical steps . The VM Job Plan is structured so the team does not mix information gathering, function analysis, idea generation, judgment, and proposal development into one uncontrolled discussion. SAVE guidance describes the Job Plan as the process that guides the study team in identifying and focusing on key project functions to create ideas that result in value improvement. ( ) This separation is important because the Creative Phase requires free idea generation without premature criticism, feasibility judgment, or cost filtering. The Evaluation Phase then applies analytical judgment to screen, rank, and select ideas with value potential. The Development Phase further analyzes selected alternatives through cost, performance, risk, and implementation considerations. SAVE's VM Standard also states that a qualifying value study follows an organized Job Plan with defined phases, including Function Analysis, Creative, Evaluation, Development, and Presentation. ( ) Option B is incorrect because designers may be part of the multidisciplinary VM team. Option C is incorrect because cost and function are intentionally related during VM analysis. Option D is incorrect because project needs and functions are also connected; functions express what must be done to satisfy needs.
References/topics: Value Methodology and Job Plan; Creative Phase; Evaluation Phase; Function Analysis; Analytical vs Creative Thinking.
NEW QUESTION # 69
Projects generally begin with basic assumptions. These can become criteria or "requirements." What should the VM study team do with these assumptions?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are A and D . In a VM study, assumptions must not be accepted automatically as fixed requirements. Many projects begin with assumptions about user needs, design criteria, operating conditions, owner preferences, codes, capacities, materials, schedules, or performance expectations. Over time, these assumptions may become treated as mandatory requirements even when they have not been tested. The VM study team's responsibility is to examine them objectively.
The team should challenge assumptions with facts because unsupported assumptions can restrict creativity, increase cost, and prevent better value solutions. Challenging does not mean rejecting them blindly; it means asking whether the assumption is true, current, measurable, and necessary to perform the required function.
The team should also verify assumptions through project data, stakeholder input, customer needs, technical criteria, codes, standards, cost information, and performance requirements. Verified assumptions may remain as valid constraints or criteria. Unverified assumptions should not control the study.
Option B is incorrect because assumptions should not simply be replaced without analysis. Option C is incorrect because accepting assumptions as facts can cause the team to preserve unnecessary cost and miss value-improvement opportunities.
References/topics: Information Phase; Assumptions; Criteria and Requirements; Fact-Based Analysis; VM Job Plan.
NEW QUESTION # 70
The Value Methodology
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A and D . Value Methodology is defined by SAVE International as a systematic process used by a multidisciplinary team to improve project value through the analysis of functions. Because the method intentionally brings together people from different technical, operational, cost, owner, user, and management perspectives, it naturally encourages multidisciplinary communication . The SAVE Study Guide also explains that function naming helps multidisciplinary teams build a shared understanding of project requirements, which supports clearer communication and better identification of value-improvement opportunities. ( ) The second correct answer is develops realistic budgets . VM evaluates required functions against resources such as materials, labor, price, time, and other cost drivers. This function/resource relationship helps teams understand what the project must accomplish and what resources are reasonably required. OMB's Value Engineering policy also describes VE as a management tool used to ensure realistic budgets , remove nonessential costs, and maintain acceptable quality. ( George W. Bush White House Archives ) Option C is incorrect because VM does not maintain paradigms; it challenges assumptions and existing approaches. Option B may occur as an indirect benefit, but it is not the stronger core answer for this two- response item.
References/topics: Value Methodology Definition; Multidisciplinary Team; Function/Resource Relationship; VM Job Plan; VM Programs.
NEW QUESTION # 71
Which of the following actions would be appropriate to effectively report lessons learned for a VM program?
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are A and C . In a VM Program, lessons learned should be captured, communicated, and converted into practical improvement for future value studies. Creating a summarized report and sharing it with the project team is appropriate because it records what worked, what did not work, what assumptions changed, what facilitation issues occurred, and what implementation barriers or success factors were observed.
Scheduling a team meeting is also appropriate because lessons learned are most useful when discussed, validated, and connected to future application. SAVE's VM Job Plan identifies Post-Study activity as completing changes, implementing changes, and monitoring status, with the objective of assuring implementation of approved recommendations. ( courses.washington.edu ) A lessons-learned review supports that same control mindset by improving future VM planning, team selection, facilitation, proposal development, and implementation follow-through.
Option B is weak because storing a report without distribution does not transfer knowledge. Option D is incorrect because successful projects still produce valuable positive lessons that should be repeated.
References/topics: VM Programs; Post-Study Activities; Lessons Learned; Knowledge Transfer; Continuous Improvement; VM Program Management.
NEW QUESTION # 72
What are effective approaches used by the VM facilitator during the Evaluation Phase?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are A and B . During the Evaluation Phase , the VM facilitator's role is to preserve structure, discipline, and decision quality while the team screens creative ideas for value-improvement potential. SAVE's Value Methodology Standard defines the Evaluation Phase as a structured evaluation process used to select ideas that can improve value while still delivering required functions and respecting performance requirements and resource limits. ( ) Therefore, the facilitator must recognize when discussion becomes off-topic and redirect the group toward the agreed evaluation criteria, study objectives, required functions, and constraints. This prevents the phase from becoming another brainstorming session or an unstructured debate. The facilitator must also establish a clear context for the session , meaning the team understands what is being evaluated, against which criteria, and for what decision purpose.
Option C is incorrect because evaluation may include clarification, combination, or refinement of ideas; useful modifications should not be automatically blocked. Option D is also incorrect because VM allows tailored application of methods, and the facilitator should select techniques appropriate to the study rather than force one universal technique. ( ) References/topics: Evaluation Phase; VM Facilitation; Idea Screening; Evaluation Criteria; Team Focus and Direction.
NEW QUESTION # 73
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