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| Section | Objectives |
|---|---|
| Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
| Professional Practice Requirements | - Project documentation and reporting - Value study facilitation |
| Job Plan Phases | - Information Phase
|
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NEW QUESTION # 37
When facilitating a VM study team without experience with function analysis, which of the following are effective methods to introduce the topic?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are B and C . When a VM study team has little or no experience with function analysis, the facilitator should introduce the concept through simple demonstration and participative learning. SAVE guidance identifies Function Analysis as the foundation of Value Methodology and explains that functions are expressed in two-word active verb / measurable noun form to describe what work is being performed. ( ) Showing an example of function analysis helps the team see how physical items are translated into functional language before applying the method to the study subject.
Having the team identify functions of items in the room is also effective because it creates a low-risk practice exercise. The SAVE study material provides simple item-based examples such as a table performing "Support Weight" and a screwdriver performing "Transmit Torque," which directly supports this teaching approach. ( ) This builds confidence before moving to more complex project functions.
Option A is not preferred because preparing the FAST diagram in advance removes team discovery, ownership, and consensus-building. Option D is incorrect because functions must first be identified before they can be classified, analyzed, or evaluated; function analysis is defined as the process of defining, classifying, and evaluating functions. ( ) References/topics: VM Facilitation; Team Learning; Function Analysis Phase; Function Identification; FAST Introduction.
NEW QUESTION # 38
Which of the following actions would be appropriate for creating an effective evaluation framework?
Choose 2 answers.
Answer: C,D
Explanation:
The correct answers are B and D . An effective evaluation framework in Value Methodology must be structured, objective, and aligned with the subject's purpose. The SAVE Value Methodology Standard describes the Evaluation Phase as the point where the team follows a structured process to select ideas with value-improvement potential while delivering required functions and considering performance requirements and resource limits. ( ) Therefore, the facilitator and team must first define clear objectives and success criteria that align with the study subject's goals. Evaluation cannot be based on preference alone; criteria should connect to function, performance, cost, schedule, risk, quality, user needs, and implementation feasibility. Involving stakeholders is also appropriate because stakeholders help confirm whether the evaluation criteria reflect actual project, customer, owner, or user priorities. Their participation improves acceptance of selected ideas and reduces resistance during later development and implementation.
Option A is incorrect because the Creativity Phase is intended for generating ideas, not judging them.
Introducing evaluation too early suppresses divergent thinking. Option C is incorrect because a "gut feel index" is informal and subjective, while VM requires disciplined, traceable evaluation methods.
References/topics: Evaluation Phase; Evaluation Criteria; Stakeholder Engagement; VM Job Plan; Structured Idea Screening.
NEW QUESTION # 39
Which of the following are the outputs of the Presentation Phase?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are C and D . The Presentation Phase is where the VM facilitator and study team formally communicate the conclusions of the VM study to decision makers. SAVE's VM Standard Reference states that, in this phase, the facilitator develops a report and/or presentation that documents and conveys the conclusions and results of the VM study.
Therefore, the VM study report is a direct output of the Presentation Phase. It records the developed value alternatives, supporting analysis, cost/performance implications, and the basis for management review. The list of VM proposals and results is also an output because decision makers must understand what proposals were generated, what benefits they offer, and what outcomes or decisions are associated with them.
Option A, list of participants, may appear in a report appendix or study record, but it is not a primary Presentation Phase output. Option B is incorrect because scheduling the VM presentation is a planning
/logistics activity, not an output of the phase. The phase produces documented results and communicates VM proposals for decision and follow-up.
References/topics: Presentation Phase; VM Study Report; VM Proposals; Study Results; VM Job Plan.
NEW QUESTION # 40
Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?
Answer: D
Explanation:
The correct answer is D. Annualized costs . In VM cost analysis, when a study item has a known unit cost and a known annual production quantity , multiplying the two gives the cost impact over one year. That makes the result an annualized cost , because the calculation converts a per-unit value into a yearly cost basis.
This distinction is important in manufacturing or repetitive-process VM studies. A component may appear inexpensive on a unit basis, but if it is used thousands or millions of times per year, its annualized cost may become a major value-improvement target. SAVE's VM Glossary defines cost as the monetary valuation of resources consumed in the production or delivery of a project, product, or process, and it also recognizes annualized cost as a cost expression used in life-cycle cost measurement. ( ) Option A, total costs , is too broad because it may include many cost categories and periods. Option B, life- cycle costs , covers acquisition, operation, maintenance, replacement, and disposal over time. Option C, incremental unit costs , concerns the cost of an additional unit, not annual volume impact.
References/topics: Information Phase; Cost Data; Cost Modeling; Annualized Costs; Manufacturing Study Items.
NEW QUESTION # 41
After reviewing the VM study results, the decision-makers take no action. What strategies could the VM facilitator use to engage the group?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are A and D . When decision-makers review VM study results but take no action, the facilitator is dealing with a change-response problem, not simply a technical presentation problem. In VM implementation guidance, this behavior aligns with the early "shock" response to change, where people may mentally shut down because the proposed change feels uncertain, risky, or disruptive. The recommended coping strategy is to create safety, structure, and visible support around the change.
Therefore, discussing allocation of time and resources is appropriate because implementation cannot move forward without clear commitment, staffing, schedule allowance, and management attention. The VM Guide identifies proper allocation of time and resources as a way to provide safety during change. It also states that shock and stress can be reduced by building a support network through a detailed implementation plan . ( pdfcoffee.com ) Option B is incorrect because the guidance emphasizes visible upper management support, not merely lower- level involvement. Option C is incorrect because limiting information increases uncertainty; the recommended approach is to provide broad, clear, and consistent information about the change.
References/topics: Implementation Phase; Change Management Strategies; Implementation Plan; Resource Allocation; Decision-Maker Engagement.
NEW QUESTION # 42
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