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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Value Methodology Foundations
- Function Analysis - Advanced VM Practice (Leadership-level application) - VM Facilitation and Leadership - Value Methodology Job Plan Application - Value Concept
|
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NEW QUESTION # 61
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: C
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 # 62
A team wants to skip Function Analysis because the design solution already appears obvious. What is the best CVS-level response?
Answer: B
Explanation:
The correct answer is C . Function Analysis is not an optional administrative exercise. SAVE's VM Standard states that, for a study to qualify as a Value Study, the team must follow an organized Job Plan and perform Function Analysis as defined in the standard. It also states that the team defines functions using active verb
/measurable noun language and analyzes them to determine which need improvement, elimination, or creation.
Option A is wrong because expert confidence does not replace the VM process. Experts are valuable, but they often carry design bias. Option B destroys the logic of the Job Plan because Development should refine selected ideas, not bypass function understanding. Option D may provide useful cost intelligence, but benchmarking does not identify required functions or function relationships. The disciplined CVS answer is that Function Analysis protects the team from solution fixation. It reveals what must be accomplished, which functions consume resources, and where value mismatches exist. Skipping it reduces VM to ordinary design review.
References/topics: Function Analysis Phase; Valid Value Study; VM Job Plan Discipline.
NEW QUESTION # 63
What tool could the VM study team use to show customer satisfaction?
Answer: D
Explanation:
The correct answer is Customer FAST . In Value Methodology, FAST is used in the Function Analysis Phase to model how functions relate to each other and to clarify what the project must accomplish from a functional perspective. The customer-oriented version of FAST is specifically designed to reflect that the customer determines value in the function analysis process. The SAVE study guide describes the Customer-Oriented FAST model as a variation that adds customer-focused support functions such as "attract users," "satisfy users," "assure dependability," and "assure convenience." ( ) This makes Customer FAST the best tool when the study team wants to show customer satisfaction as part of the value logic. Quality Function Deployment can capture or translate the voice of the customer, but the question asks for a tool to show customer satisfaction within the VM function structure. A quality management plan is a project quality control document, not a VM function model. A resource model addresses inputs or resource use rather than customer-perceived value. Therefore, Customer FAST is the most technically precise answer.
References/topics: Function Analysis Phase; FAST Diagramming; Customer-Oriented FAST; Customer Attitude; Function Modeling.
NEW QUESTION # 64
What should the VM facilitator consider for the presentation format?
Choose 2 answers
Answer: A,C
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 # 65
In a function, the noun can be:
Answer: C
Explanation:
The correct answer is C. quantitative or qualitative . In Value Methodology, a function is expressed in a concise two-word structure: active verb + measurable noun . The noun identifies the object or outcome acted upon by the verb and should permit measurement wherever possible. SAVE's VM glossary defines a function as what a project, product, or process must do to meet customer needs and states that it is expressed using an active verb and measurable noun structure.
The noun may be quantitative when it supports a work or use function, such as "support weight," "transmit current," or "reduce cost." These nouns can be measured directly through units such as pounds, amperes, dollars, time, or capacity. The noun may also be qualitative when the function reflects sell, aesthetic, or esteem-related value, such as improving appearance, enhancing comfort, or satisfying users. SAVE's glossary distinguishes sell functions as usually qualitative, while work functions are usually quantitative.
Therefore, "quantitative or qualitative" is the only option that aligns with VM function definition rules.
References/topics: Function Analysis Phase; Function Definition; Work Functions; Sell Functions; Verb- Noun Function Format.
I can't select answers for a live timed certification exam.
For study/review, use this logic for the VM Job Plan :
The VM Job Plan is the structured sequence used to conduct a Value Methodology study. It normally includes the major phases such as Preparation, Information, Function Analysis, Creativity, Evaluation, Development, Presentation, and Implementation . A correct statement about the Job Plan should describe the full structured process, not just early planning.
Also, VM is not limited to financial savings. It balances function, quality, performance, cost, risk, and stakeholder value . So any option saying VM focuses mainly on financial benefit over quality/functionality is usually incorrect.
Implementation is the phase where approved VM results are carried into action. Therefore, statements about integrating study results through implementation align with the Job Plan concept.
Main topic: Value Methodology and Job Plan .
NEW QUESTION # 66
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