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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Function Analysis - Value Methodology Foundations
- Advanced VM Practice (Leadership-level application) - Value Methodology Job Plan Application - VM Study Execution and Team Management |
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NEW QUESTION # 141
Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor. Carpet installation cost is $30 per square meter. What is the initial cost of the carpet?
Answer: C
Explanation:
The correct answer is A . Initial cost is the acquisition, construction, production, or installation expenditure incurred at the start of the alternative's life. SAVE's dictionary defines initial cost as the initial expenditure of resources to develop, acquire, produce, or construct a project, product, or process, and notes that it is interchangeable with capital cost.
Here, the calculation is direct:
1,000 square meters × $30 per square meter = $30,000.
The maintenance costs, shampooing cost, service life, and vinyl data are not needed for this specific question because it asks only for the initial cost of carpet , not the life-cycle cost. Options B, C, and D incorrectly include additional amounts or appear to mix operating/maintenance costs with initial cost. In CVS-style questions, the trap is often to include irrelevant life-cycle data. A disciplined evaluator first identifies the cost category being requested: initial cost, recurrent annual cost, single expenditure, salvage value, present worth, annualized cost, or total life-cycle cost.
References/topics: Evaluation Phase; Initial Cost; Life-Cycle Cost Analysis.
NEW QUESTION # 142
What is the most appropriate description of the Information Phase?
Answer: A
Explanation:
The most appropriate description of the Information Phase is to gather, organize, review, and transform data collected . In the Value Methodology Job Plan, the Information Phase begins the formal Value Study and is used to complete the data package that was initiated during the Pre-Study/Preparation work. The SAVE Value Methodology Standard identifies the Information Phase under the Value Study and lists its immediate output as completing the data package and modifying the scope when needed. ( UW Courses ) This phase is not merely administrative scheduling or management approval. Its purpose is to ensure the team has a clear factual basis before moving into Function Analysis. The project sponsor or designer may brief the team, the team asks questions based on prior data research, site visits may be completed, improvement targets such as value, cost, performance, and schedule are agreed, and the scope is reviewed based on new information. ( UW Courses ) Option A and B are mainly Pre-Study/Preparation activities. Option D is partially related, but too narrow because the Information Phase supports the entire study, not only Function Analysis.
References/topics: Information Phase; Value Methodology Job Plan; Data Package; Scope Review; Study Targets.
NEW QUESTION # 143
Which of the following are inputs to the Presentation Phase?
Choose 3 answers.
Answer: B,C,E
Explanation:
The correct inputs are VM study subject information , List of participants , and VM proposals . The Presentation Phase is designed to communicate the VM study results to decision-makers and stakeholders so they can understand, challenge, and act on the team's recommendations. SAVE's VM Standard describes this phase as the point where the VM study team presents its recommendations to the decision-making body and seeks approval or direction for further information. ( UW Courses ) VM proposals are essential inputs because they are the developed recommendations carried forward from the Development Phase. VM study subject information is also required because the audience must understand the baseline condition, scope, objectives, cost, schedule, risk, and performance context before judging the proposals. List of participants is an input because the presentation must be planned around the correct stakeholders, decision-makers, technical reviewers, sponsor, facilitator, and team members.
Disposition decision is not an input; it is a decision outcome related to acceptance, rejection, or further action on proposals. The written VM study report is also not the best input here because the Presentation Phase develops or finalizes the report to document alternatives, supporting data, and the accepted implementation direction. ( UW Courses ) References/topics: Presentation Phase; VM Proposals; VM Study Subject Information; Participant List; VM Study Report.
NEW QUESTION # 144
The left project scope line is located between the
Answer: D
Explanation:
The correct answer is C. Higher order and basic functions . In FAST diagramming, the project scope is shown by vertical scope lines that define the portion of the function logic included in the value study. The left project scope line separates the broader reason for the study from the functions that are actually inside the study boundary.
The higher order function is placed outside the left scope line because it answers the "why" question for the basic function. It represents the larger objective or purpose that the basic function supports. FAST guidance states that highest-order functions appear outside the left scope line and to the left of the basic functions. ( ) The basic function is placed immediately to the right of the left scope line. It represents the primary purpose or mission of the subject under study. The FAST reference specifically states that basic functions immediately to the right of the left scope line represent the purpose or mission of the subject. ( ) Therefore, the left project scope line is located between the higher order function and the basic function .
References/topics: Function Analysis Phase; FAST Diagramming; Project Scope Line; Higher Order Function; Basic Function; How/Why Logic.
NEW QUESTION # 145
What is the correct order for the management of change stages?
Answer: B
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 # 146
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