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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Value Methodology Job Plan Application - Value Methodology Foundations
- Value Concept
- VM Study Execution and Team Management - Function Analysis |
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NEW QUESTION # 148
Which of the following are appropriate techniques to achieve the expected output of the Evaluation Phase?
Answer: B
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 # 149
A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?
Answer: A
Explanation:
The correct answer is C . Using the stated formula, Value Index = Function Cost ÷ Function Worth =
$120,000 ÷ $80,000 = 1.50 . SAVE's dictionary defines Function Cost as the directly related resources allocated to a function and Function Worth as the lowest overall cost to perform a function without regard to criteria or code. It also defines Value Index as the monetary relationship of function cost to function worth, expressed as FC ÷ FW, where good value is VI # 1.0.
Option A reverses the formula and calculates FW ÷ FC. Option B would mean cost equals worth, which is not true here. Option D has no mathematical basis from the numbers given. A VI of 1.50 indicates a value mismatch: the current function cost exceeds the function worth. This does not automatically mean the function should be eliminated, but it does identify a strong candidate for creativity and evaluation. CVS candidates must be careful because some older materials express the ratio in reverse; the exam stem controls the formula.
References/topics: Evaluation Phase; Function Cost; Function Worth; Value Index.
NEW QUESTION # 150
The VM study sponsor wants to limit the amount of time some of the VM team members participate. In which phases might the VM facilitator recommend these VM team members fully participate?
Choose 2 answers.
Answer: A,D
Explanation:
The correct phases are Function Analysis Phase and Creativity Phase . When participation time must be limited, the VM facilitator should protect the phases where multidisciplinary team contribution has the highest effect on value improvement. The Function Analysis Phase is central because the team defines project functions in active verb / measurable noun form and analyzes which functions need improvement, elimination, or creation to meet study goals. SAVE's Value Methodology Standard identifies this phase as the point where the team defines and analyzes functions, making it essential for shared understanding and correct problem framing. ( ) The Creativity Phase is also critical because the team uses creative techniques to identify alternative ways to perform the required functions. Diverse participation here improves idea quantity, prevents narrow technical thinking, and helps avoid premature commitment to existing solutions. The Implementation Phase occurs after proposal approval and is not normally the best place to require full participation from time-limited team members. The Presentation Phase communicates developed recommendations, but full participation by every limited-time team member is less essential than their contribution during function definition and idea generation.
References/topics: VM Facilitation; Team Participation Planning; Function Analysis Phase; Creativity Phase; Multidisciplinary Team Dynamics.
NEW QUESTION # 151
Which factors influence the scheduling of the presentation at the end of the VM study workshop?
Choose 2 answers.
Answer: A,B
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 # 152
What should the VM facilitator consider for the presentation format?
Choose 2 answers
Answer: A,B
Explanation:
The correct answers are A. Presentation environment and location and C. The technical experience of the audience . In the Presentation Phase, the facilitator must shape the format so the VM results can be clearly understood by decision-makers and stakeholders. SAVE's Value Methodology Standard states that the team leader develops a report and/or presentation that documents and conveys the adequacy of the developed alternatives and their associated value improvement opportunity. ( ) The presentation environment and location matter because format choices depend on whether the presentation is in-person, virtual, formal, informal, executive-level, workshop-style, or held in a room with limited display or discussion capability. The facilitator must ensure the setting supports clear communication, graphics, interaction, and decision-making.
The technical experience of the audience is also essential. Highly technical reviewers may need detailed assumptions, calculations, drawings, and risk explanations. Senior executives may need a concise value case, cost impact, implementation effect, and decision options.
Option B concerns presenter assignment, not presentation format. Option D is too narrow; PowerPoint is only one possible delivery tool and does not define the proper VM presentation format.
References/topics: Presentation Phase; VM Report and Presentation; Audience Analysis; Presentation Environment; Decision-Maker Communication.
NEW QUESTION # 153
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