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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Function Analysis - Value Methodology Foundations
- VM Study Execution and Team Management - Advanced VM Practice (Leadership-level application) - VM Facilitation and Leadership - Value Concept
|
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NEW QUESTION # 91
Which of the following are the effects of increasing the duration of a VM study?
Choose 2 answers.
Answer: C,E
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 # 92
Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?
Answer: B
Explanation:
The correct answer is C. Recommended alternatives, list of information reviewed, and function analysis . A value study report must document the technical basis of the VM study and provide management with enough objective information to make implementation decisions. The Presentation Phase requires the VM team to prepare presentation/supporting documentation, compare conclusions to success requirements from the Information and Function Analysis Phases, ensure management has full objective information, and prepare a formal report. ( ) Recommended alternatives belong in the report because the Development Phase converts selected ideas into clearly written value alternatives, supported by assumptions, sketches, calculations, cost comparisons, and implementation considerations. ( ) A list of information reviewed is also appropriate because the Information Phase gathers project data, key documents, cost data, quality data, marketing information, process flow charts, and other baseline material. ( ) Function analysis is essential because it records the functional basis of the study, including identified functions, function models, cost drivers, performance attributes, and value- mismatched functions. ( ) Option A is administrative and incomplete. Option B includes a stakeholder survey, which is not a standard core report element. Option D is weakened by "VM presentation," because the presentation is separate from the report deliverable.
References/topics: Presentation Phase; Value Study Report; Information Phase; Function Analysis Phase; Development Phase; Recommended Alternatives.
NEW QUESTION # 93
Match the statements that best identify a FAST diagram and flowchart.
Answer:
Explanation:
Explanation:
The correct matches are FAST Diagram = Describes the purpose of the study subject and Flowchart = Describes the activities of the study subject . In Value Methodology, a FAST diagram is not an activity map. It is a function model. SAVE's Study Guide defines a function as the original intent or purpose that a product, service, or process is expected to perform, expressed in active verb/measurable noun form. It also defines FAST as a graphical representation of dependent relationships between functions within a project.
Therefore, FAST is used to understand the functional purpose and how functions logically relate through "how
/why" thinking.
A flowchart is different. It represents process flow: the sequence of activities, steps, or operations used by the study subject. SAVE's glossary defines a process as a sequence of activities that delivers a product or project.
That aligns directly with the option "Describes the activities of the study subject."
"Identifies flaws" is too narrow; defects may be discovered during analysis, but that is not the defining purpose of either tool. "Prioritizes activities" is also incorrect because prioritization normally belongs to evaluation or decision methods, not basic FAST or flowchart definition.
References/topics: Function Analysis Phase; FAST Diagramming; Function Modeling; Process Flowchart; How-Why Logic.
NEW QUESTION # 94
Which of the following are appropriate techniques to achieve the expected output of the Evaluation Phase?
Answer: D
Explanation:
The correct answer is C. Coarse, medium, and fine filters . In the VM Job Plan, the Evaluation Phase converts the large number of ideas generated during the Creativity Phase into a smaller, rationally selected group of ideas suitable for Development. SAVE's Value Methodology Standard states that the Evaluation Phase uses a structured evaluation process to select ideas with potential for value improvement while still delivering required functions and respecting performance requirements and resource limits. ( ) The SAVE International Core Competencies directly classify Evaluation Phase techniques as coarse filter, medium filter, and fine filter methods. These appear under "Apply Evaluation Techniques," with coarse filters representing simple screening, medium filters supporting intermediate comparison, and fine filters supporting more detailed evaluation before ideas move into development. ( ) Option A, weighted evaluation, can be part of a detailed or fine-filter evaluation, but it is not the complete filtering approach named in the CVS/VM Guide framework. Options B and D are more closely associated with idea generation or creative stimulation, not the primary structured filtering process of the Evaluation Phase.
References/topics: Evaluation Phase; Apply Evaluation Techniques; Coarse Filter; Medium Filter; Fine Filter; Idea Selection.
NEW QUESTION # 95
Which of the following are the purposes of function analysis?
Choose 4 answers.
Answer: A,B,C,D
Explanation:
The correct answers are B. Stimulate communication, C. Change viewpoints, D. Expand knowledge, and E.
Identify opportunities . Function Analysis is the central differentiator of the Value Methodology because it forces the team to define what the project, product, process, or service must do , rather than defending existing solutions. SAVE's Study Guide states that Function Analysis is the foundation of VM and that functions are identified within the study scope using active verb/measurable noun descriptions. It further explains that naming functions enables clear thinking, helps multidisciplinary teams build shared understanding, and allows the team to identify where value-improvement opportunities exist. ( ) Function Analysis therefore stimulates communication by giving different disciplines a common functional language. It changes viewpoints by shifting discussion from components and preferred solutions to required purposes. It expands knowledge because team members learn how functions, resources, cost, worth, and performance relate. It also identifies opportunities by exposing inefficient, high-cost, unnecessary, or poorly performed functions.
Option A is less precise because Function Analysis does not primarily "communicate ideas"; idea communication occurs more strongly in Creativity, Development, and Presentation. Option F is incorrect because opportunities are identified in Function Analysis, while new alternatives are created in the Creativity Phase.
References/topics: Function Analysis Phase; Function Definition; Shared Understanding; Value Improvement Opportunities; FAST/Function Modeling.
NEW QUESTION # 96
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