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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Advanced VM Practice (Leadership-level application) - Value Concept
- Value Methodology Job Plan Application - Function Analysis - VM Study Execution and Team Management - Value Methodology Foundations
|
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NEW QUESTION # 142
Innovation styles, also known as creativity types, include
Answer: C
Explanation:
The correct answer is A. Visioning, modifying, and experimenting . In the VM Creativity Phase, the facilitator must help the team generate a broad quantity of ideas and alternative ways to perform required functions. The SAVE Study Guide places creativity within the certification body of knowledge and emphasizes divergent thinking, unrestricted idea generation, brainstorming techniques, and suspending judgment until the Evaluation Phase. ( ) Innovation styles, also called creativity types, describe how different people naturally approach idea generation and change. The recognized Innovation Styles model includes Visioning, Modifying, Exploring, and Experimenting . Visioning focuses on ideal future possibilities; modifying improves or refines what already exists; experimenting combines and tests different factors; and exploring seeks new or novel possibilities. ( TrainingEdge ) Option A is the best match because all three listed terms are recognized innovation styles. Option B includes
"exploring," but "adapting" and "brainstorming" are not innovation styles; brainstorming is a creativity technique. Option C and D mix problem-solving or analysis activities with non-style terms.
References/topics: Creativity Phase; Innovation Styles; Divergent Thinking; Team Creativity; VM Facilitation.
NEW QUESTION # 143
Which of the following is information that is typically documented for "conditionally accepted" VM proposals during the Implementation Meeting?
Choose 3 answers.
Answer: A,B,E
Explanation:
The correct answers are A, D, and E . A "conditionally accepted" VM proposal is not rejected, but it is also not fully approved for immediate implementation. It requires follow-up before final acceptance. Therefore, the Implementation Meeting documentation must clearly record what action is required , who is responsible , and when the final decision will be made .
This aligns directly with SAVE's VM Job Plan logic. The Development Phase requires the team to prepare implementation requirements, including initial cost, life-cycle cost, implementation cost, risk, uncertainty, and schedule impact. It also requires an implementation plan containing the proposed schedule, team assignments, and management requirements. ( UW Courses ) The Presentation Phase then seeks concurrence and commitment from management, and the written report confirms the implementation plan accepted by management. ( UW Courses ) During Post-Study, assignments are made to complete tasks associated with the approved implementation plan. ( UW Courses ) Grammar changes are editorial, not implementation-control information. VM team disagreements may be noted internally if relevant, but they are not the typical required record for conditional acceptance.
References/topics: Implementation Phase; Presentation Phase; Post-Study Activities; Implementation Plan; VM Proposal Follow-Up.
NEW QUESTION # 144
SMART stands for
Answer: D
Explanation:
The correct answer is F: Specific, Measurable, Attainable, Relevant, and Timebound . In Value Methodology, SMART thinking is used to make recommendations, implementation actions, objectives, and follow-up responsibilities clear enough to be managed. A VM proposal or implementation action should not be vague, general, or open-ended. It must state exactly what is to be done, how success will be measured, whether the action can realistically be achieved, how it supports the study objective or project need, and when it must be completed.
"Specific" requires a clear action or target. "Measurable" means the result can be checked through cost, performance, schedule, quality, or other defined criteria. "Attainable" confirms that the action is practical within available resources and constraints. "Relevant" ensures alignment with the value study objectives, functions, and stakeholder requirements. "Timebound" creates accountability through a completion date or defined time frame.
The incorrect options replace key SMART terms with weaker or incorrect words such as Standards , Accountable , or Reasonable . These may be useful concepts in management, but they do not form the standard SMART acronym used in VM action planning.
References/topics: Implementation Phase; VM Action Planning; Proposal Follow-Up; Performance Objectives; VM Programs.
NEW QUESTION # 145
Which of the following are typically included in a VM study report?
Choose 3 answers.
Answer: A,B,D
Explanation:
A VM study report is the formal documentation of the value study process, findings, alternatives, and supporting rationale. The correct inclusions are workshop agenda and team members , summary of the VM Job Plan , and the ideas generated with their evaluation . The SAVE VM Standard identifies the Job Plan as the structured framework for a valid study, and the Presentation Phase requires the team leader or facilitator to develop a report and/or presentation that documents and conveys the alternatives and value improvement opportunity. ( cdn..com ) A report should therefore preserve the administrative record of the study, including agenda, attendance, team composition, and study process. It should also summarize how the Job Plan was followed, because the Job Plan is the disciplined sequence that gives the study validity. The creative and evaluation outputs are also reportable because ideas are generated in the Creative Phase and then screened through a structured Evaluation Phase to identify value-improvement potential.
Design plans and specifications are source information used during preparation/information gathering, but they are not normally reproduced as core VM study-report content. The VM presentation may be related to the report, but it is not the best answer as a typical internal report section.
References/topics: Presentation Phase; VM Study Report; VM Job Plan; Creative Phase; Evaluation Phase; Study Documentation.
NEW QUESTION # 146
Which of the following are balanced scorecard perspectives?
Choose 2 answers.
Answer: A,D
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 # 147
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