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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: Standards, Ethics and Application | 10% | - Application in different industries and sectors - Professional ethics and responsibilities - SAVE International standards and guidelines |
| Topic 3: Value Methodology Job Plan | 30% | - Evaluation phase - Information phase - Presentation and implementation phase - Function analysis phase - Preparation phase - Creative phase - Development phase |
| Topic 4: Leadership and Facilitation | 15% | - Leading value study teams - Stakeholder management and communication - Workshop facilitation skills |
| Topic 5: Tools and Techniques | 20% | - Decision-making and evaluation tools - Creative thinking and idea generation methods - Function analysis system technique (FAST) - Cost analysis and worth assessment |
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NEW QUESTION # 51
Which of the following actions would be appropriate for transforming your subject's information into a useful work breakdown structure?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are C and D . A useful Work Breakdown Structure converts project or study information into a structured breakdown of the total scope. In VM program planning, this supports clearer control of deliverables, responsibilities, schedule logic, and implementation follow-up. The WBS is not simply a chronological activity list; it is a structured decomposition of the work into defined, manageable elements.
This aligns with standard project-management guidance that describes the WBS as a hierarchical breakdown of project work into smaller components or work packages. ( Atlassian ) Option C is correct because identifying major milestones or high-level outputs and then decomposing them into manageable elements is a practical way to convert broad study information into usable work packages.
Option D is also correct because breaking the project into defined elements is the core purpose of the WBS.
Option A is incorrect because chronological sequencing belongs more to scheduling, not WBS construction.
Option B is incorrect because cost estimating may use the WBS later, but the WBS itself should be organized around scope, deliverables, and work elements rather than cost first. PMI also treats the WBS as a foundational project-control structure. ( Project Management Institute ) References/topics: VM Programs; Work Breakdown Structure; Implementation Planning; Project Scope Decomposition; Deliverable Control.
NEW QUESTION # 52
A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?
Answer: A
Explanation:
The correct selection is D because it provides the strongest balance of study readiness, timing, and probability of return . A VM program manager must allocate limited study resources to the candidate most likely to produce measurable value improvement. SAVE guidance states that VM produces the greatest benefit early in development when basic project information is established but major design resources have not yet been fully committed. ( cdn..com ) It also notes that later studies are more likely to increase implementation cost. ( cdn..
com )
Option D is therefore superior because a 30% design with a detailed estimate gives the VM team enough factual information for function, cost, worth, and alternative analysis, while the project is still early enough for recommendations to be implemented economically. The fact that the previous similar project achieved the target ROI further supports selection because it indicates a credible return pattern. Option A is too late because the design is complete and ROI is already doubtful. Options B and C are too immature because design has not started; C is additionally weak because the similar previous project failed to meet ROI.
References/topics: VM Programs; Value Program Management; Study Selection; ROI; Timing of VM Studies; Preparation Phase.
NEW QUESTION # 53
The decision-makers agreed to implement a VM proposal requiring an organizational change. What should be done to improve success?
Choose 2 answers.
Answer: A,B
Explanation:
The correct answers are A. Encourage participation by those affected by the change and D. Appoint an oversight committee . In the Implementation Phase, the approved VM proposal must be converted from an accepted recommendation into an actual organizational action. When the proposal requires organizational change, technical approval alone is not enough; successful implementation depends heavily on acceptance, ownership, coordination, and follow-through.
Encouraging participation by those affected by the change is essential because employees, managers, operators, and process owners who must live with the change often understand the practical barriers, workflow impacts, training needs, and resistance points. Their involvement improves buy-in and reduces implementation failure.
Appointing an oversight committee is also appropriate because organizational change normally crosses departments, responsibilities, and authority levels. Oversight provides governance, monitors progress, resolves conflicts, confirms accountability, and ensures the approved VM proposal remains aligned with the intended value improvement.
Option B is less suitable because an implementation plan should be clear and controlled, but not so rigid that it prevents adjustment during organizational transition. Option C is not required; a consultant may help in special cases, but it is not a primary VM implementation requirement.
References/topics: Implementation Phase; Change Adoption; Stakeholder Participation; Implementation Governance; VM Proposal Follow-Through.
NEW QUESTION # 54
What is the correct order for the management of change stages?
Answer: D
Explanation:
The correct sequence is shock, defensive retreat, acknowledgement, adaptation to change . In Value Methodology, proposed alternatives often challenge existing assumptions, designs, ownership positions, or organizational habits. Therefore, resistance to change must be anticipated and managed as part of facilitation, presentation, and implementation. The CVS study material places team building and facilitation knowledge within the areas of team dynamics, consensus building, habits, attitudes, creativity roadblocks, and effective presentation. ( ) The first reaction to significant change is usually shock , where stakeholders are surprised or unsettled by the proposed departure from the current approach. This is followed by defensive retreat , where individuals may protect the original concept, defend prior decisions, or resist the implication that improvement is possible. The next stage is acknowledgement , where stakeholders begin to recognize the validity of the new information, value alternative, or improvement opportunity. Finally, adaptation to change occurs when the organization accepts the revised direction and begins integrating it into practice. This aligns with VM implementation guidance, where accepted alternatives must be planned, committed to, tracked, and embedded into the organization. ( ) References/topics: VM Facilitation and Team Dynamics; Change Management Strategies; Presentation Phase; Implementation Activities; Team Dynamics.
NEW QUESTION # 55
Which of the following are common change drivers?
Choose 3 answers
Answer: A,C,E
Explanation:
The correct answers are C. Technological evolution, D. Process reviews, and E. Crises . In VM facilitation and change management, a change driver is a force or condition that creates the need for an organization to alter processes, systems, products, services, or behaviors. SAVE's Value Methodology glossary specifically identifies common change drivers as including technological evolution, process reviews, and crises , along with other external and internal pressures. ( ) Technological evolution drives change because new tools, automation, systems, and digital capabilities can make existing methods outdated or inefficient. Process reviews are also common drivers because structured review often reveals waste, duplication, poor function performance, or value gaps that require improvement.
Crises are strong change drivers because urgent disruption, failure, cost pressure, safety issues, or market shock can force rapid organizational response.
Option A, organizational culture, may influence how change is accepted or resisted, but it is not listed here as a primary change driver. Option B, maintaining habits, is usually a resistance behavior, not a driver of change.
References/topics: VM Facilitation and Team Dynamics; Change Management; Change Drivers; Organizational Change; VM Programs.
NEW QUESTION # 56
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