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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Value Methodology Job Plan Application - Value Concept
- Value Methodology Foundations
- Function Analysis - VM Facilitation and Leadership |
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NEW QUESTION # 64
SMART stands for
Answer: A
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 # 65
Which factors influence the scheduling of the presentation at the end of the VM study workshop?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are C and D . The end-of-workshop presentation is part of the Presentation Phase , whose objective is to obtain concurrence and commitment from the designer, project sponsor, and management to proceed with implementation. SAVE's VM Job Plan identifies Presentation Phase activities as presenting an oral report, preparing the written report, and obtaining implementation commitments. ( UW Courses ) Therefore, the level of management involvement directly affects scheduling because the presentation must be arranged when the decision-making body, sponsor, designer, and appropriate managers are available. The standard states that the VM team presents recommendations to the decision-making body and uses interactive discussion to obtain approval or direction for more information. ( UW Courses ) The number of VM proposals developed also affects scheduling because more proposals require more time for explanation, supporting data, benefit analysis, cost/schedule impacts, risks, and implementation requirements. The Development Phase requires each proposed alternative to include technical data, cost and performance data, schedule impact, and implementation planning before presentation. ( UW Courses ) Team size and general participant count may affect logistics, but they are not the primary scheduling drivers for the formal final presentation.
References/topics: Presentation Phase; Development Phase; VM Proposals; Management Commitment; Implementation Planning.
NEW QUESTION # 66
A function performance specification:
Choose 3 answers.
Answer: B,C,D
Explanation:
The correct answers are A, D, and E . A Function Performance Specification is used to define performance requirements in terms of the functions that must be achieved, not in terms of a predetermined design solution.
In VM, value is linked to functions measured by the customer's performance requirements, and the methodology seeks alternate ways to accomplish a function while meeting customer performance expectations. ( ) Therefore, it accurately identifies requirements specific to functions . FPS characterizes each function through criteria, expected performance levels, and flexibility, which makes the requirement measurable and traceable.
( Value Analysis ) It also communicates customer performance wants and needs because it documents what the user or customer expects the solution to accomplish. The FPS approach expresses needs and expected performance without reference to a specific solution, allowing broader innovation while maintaining customer requirements. ( Value Analysis ) It also helps uncover hidden assumptions because vague wants must be translated into explicit criteria, levels, and flexibility. Option B is incorrect because FPS does not evaluate or limit VM team options; it defines functional performance expectations. Option C is incorrect because FPS should avoid constraining designers to a specific design.
References/topics: Function Analysis Phase; Function Performance Specification; Customer Requirements; Performance Criteria; Functional Requirements.
NEW QUESTION # 67
The decision makers cling to familiar ways and reject all the VM proposals. What strategy could the VM facilitator use to persuade them to reconsider their decisions?
Answer: C
Explanation:
The correct answer is D. Identify how to modify behaviors in the context of the new situation . This question is testing the facilitator's understanding of resistance to change during VM implementation or decision acceptance. When decision makers cling to familiar methods and reject all VM proposals, the problem is not necessarily the technical quality of the proposals. It is usually behavioral resistance caused by uncertainty, loss of comfort, perceived risk, or attachment to existing practices.
A VM facilitator should not simply repeat the study or replace the team. The facilitator should help decision makers understand how the recommended change can be adopted in practical terms. This includes showing what behaviors, processes, responsibilities, and decision patterns need to change under the new situation.
Option A is incorrect because identifying instability may increase concern rather than reduce resistance.
Option B is inefficient and does not address the root cause. Option C is also weak because withholding information can reduce trust. The better VM facilitation strategy is to guide decision makers through the behavioral transition required for successful acceptance.
References/topics: VM Facilitation and Team Dynamics; Change Management; Resistance to Change; Decision-Maker Acceptance; Implementation Phase.
NEW QUESTION # 68
Pareto's law of distribution can be applied to
Choose 4 answers.
Answer: A,B,C,D
Explanation:
The correct answers are A, C, D, and E . Pareto's law of distribution, often expressed as the 80/20 principle , is used in Value Methodology to focus team attention on the "vital few" items that create the greatest effect.
In a VM study, this principle helps the team avoid spreading effort equally across all issues and instead concentrate on the limited number of elements that drive most of the project impact.
It can be applied to time , because a small number of activities often consume most of the schedule or create major delay exposure. It can be applied to quality , because a limited group of defects, failures, or performance gaps may account for most quality problems. It can be applied to risk , because a small number of risk events often carry the largest probability-impact burden. It is also highly applicable to costs , because VM studies commonly use cost models and cost distribution to identify high-cost elements for function analysis and value improvement.
Standards are not normally treated as Pareto-distributed variables; they are requirements or constraints.
Performance is important in VM, but Pareto application is more directly tied to measurable distributions such as cost, time, quality problems, and risk exposure.
References/topics: Information Phase; Pareto Analysis; Cost Modeling; Risk Identification; Quality Drivers; Schedule Drivers.
NEW QUESTION # 69
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