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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Value Methodology Principles and Concepts | 25% | - Definition and core concepts of Value - Origins, development and application scope of Value Methodology - Value index, function and cost relationship |
| Topic 2: Leadership and Facilitation | 15% | - Leading value study teams - Workshop facilitation skills - Stakeholder management and communication |
| Topic 3: Standards, Ethics and Application | 10% | - Professional ethics and responsibilities - SAVE International standards and guidelines - Application in different industries and sectors |
| Topic 4: Value Methodology Job Plan | 30% | - Preparation phase - Evaluation phase - Presentation and implementation phase - Information phase - Function analysis phase - Creative phase - Development phase |
| Topic 5: Tools and Techniques | 20% | - Creative thinking and idea generation methods - Function analysis system technique (FAST) - Cost analysis and worth assessment - Decision-making and evaluation tools |
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NEW QUESTION # 26
What should the VM facilitator primarily consider when guiding discussion on which VM proposals to present when time is limited?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are A. Proposals that provide the greatest benefit and B. The relative risk of each proposal . During the Presentation Phase, the VM team must communicate recommendations that are strong enough to justify management action. SAVE's VM guidance states that developed alternatives should include cost, performance data, implementation cost, and consideration of risk and uncertainty . It also identifies performance benefit analysis as part of developing alternatives before presentation. ( UW Courses ) When time is limited, the facilitator should guide the team toward proposals with the highest value contribution, not simply the easiest or cheapest ideas. A proposal with the greatest benefit is most aligned with VM's purpose: improving value by achieving required functions more effectively. Risk is also essential because decision makers must understand whether the recommendation is practical, credible, and acceptable for implementation.
Option C may be attractive, but ease of implementation alone does not prove high value. Option D is incorrect because low cost impact may produce limited value improvement and may not justify presentation priority.
The Presentation Phase seeks concurrence and commitment from decision makers to proceed with implementation of recommendations. ( UW Courses ) References/topics: Presentation Phase; Development Phase; VM Proposal Selection; Risk and Uncertainty; Performance Benefit Analysis.
NEW QUESTION # 27
What is the expected output or deliverable of the Information Phase?
Answer: A
Explanation:
The correct answer is B. Thorough understanding of the study subject . The Information Phase is designed to ensure that the VM study team understands the project, product, process, or service before performing function analysis or generating alternatives. SAVE's Value Methodology Standard states that the objective of the Information Phase is to complete the value study data package started during Pre-Study, receive briefings from the project sponsor or designer, ask questions, complete site visitation where needed, confirm improvement targets, and review the scope statement for adjustment.
Therefore, the expected output is not yet a proposal or a final value recommendation; it is a reliable, shared understanding of the study subject, including baseline requirements, constraints, costs, performance expectations, schedule factors, and stakeholder objectives. Option A is more closely related to the Function Analysis Phase , where cost-to-worth comparison identifies value improvement opportunities. Option C is also Function Analysis, because functions are defined after the team understands the subject. Option D belongs to the Development/Presentation Phases , where selected ideas become formal value improvement proposals.
References/topics: Information Phase; VM Job Plan; Study Subject Understanding; Data Package; Scope Review.
NEW QUESTION # 28
Which of the following are the purposes of function analysis?
Choose 4 answers.
Answer: B,D,E,F
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 # 29
Which of the following strategies should be employed to enhance the VM study presentation?
Choose 2 answers.
Answer: A,C
Explanation:
The correct strategies are A and C because the Presentation Phase is intended to communicate value alternatives clearly enough for management and stakeholders to make informed implementation decisions.
The SAVE Study Guide identifies the Presentation Phase purpose as presenting value alternatives to management, stakeholders, and decision makers, with the fundamental question focused on helping them make more informed decisions that fit strategic plans. ( ) Therefore, a concise summary of key points is essential because it reinforces the major recommendations, benefits, risks, and implementation direction without forcing decision makers to search through excessive detail.
Visuals such as charts and graphs are also appropriate because presentation products commonly include cost- versus-worth comparisons, present-worth analysis, risk analysis, and advantages-versus-disadvantages information. ( ) These items are best communicated visually when the objective is executive understanding and decision readiness. The formal VM Standard also states that the Presentation Phase involves an oral presentation followed by a written report, with the team obtaining approval or direction for additional information. ( courses.washington.edu ) A complex presentation format would reduce clarity, and detailed technical specifications belong mainly in the Development Phase technical data package, not as the primary means of enhancing the presentation.
References/topics: Presentation Phase; Value Alternatives; Management Decision Support; Oral Presentation; Formal Report.
NEW QUESTION # 30
What is the most appropriate description of the Information Phase?
Answer: C
NEW QUESTION # 31
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