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| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
| Topic 2: Professional Practice Requirements | - Value study facilitation - Project documentation and reporting |
| Topic 3: Job Plan Phases | - Creative Phase
|
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NEW QUESTION # 13 
Match the following to their appropriate "How" direction on the function logic path for the prescription eyeglasses:
Answer:
Explanation:
Explanation:
Location 1 - Improve vision
Location 2 - Correct vision
Location 3 - Position lenses
Location 4 - Select eyeglasses and Select contact lenses
The correct sequence is Improve vision # Correct vision # Position lenses and Secure lenses # Select eyeglasses and Select contact lenses . In a FAST diagram, the "How" direction moves from the broader purpose toward the more specific means of accomplishing that purpose. SAVE defines FAST as the Function Analysis System Technique, a diagrammatic representation of the HOW-WHY logic of functions and their interrelationships. It also defines the function logic path as the functions connected to each other in that HOW- WHY logic direction.
Improve vision is the higher-order purpose. Asking "How do we improve vision?" leads to Correct vision , which is the basic function of prescription eyeglasses. Asking "How do we correct vision?" leads to Position lenses and Secure lenses , because the corrective lenses must be properly located and held relative to the eyes. Asking "How do we accomplish that solution approach?" leads to Select eyeglasses and Select contact lenses , representing the lower-order choice of a corrective device or method.
The distractors are secondary/supporting functions. Secure position , Resist damage , and Complement appearance may support performance, durability, or user acceptance, but they are not the primary "How" logic path for correcting vision.
References/topics: Function Analysis Phase; FAST Diagram; HOW-WHY Logic; Function Logic Path; Higher-Order Function; Basic Function; Lower-Order Function.
NEW QUESTION # 14
Which is the least appropriate information to include in the Presentation?
Answer: A
Explanation:
The correct answer is D. Recognition of VM study contributors . The Presentation Phase is intended to communicate the developed VM recommendations to decision makers in a way that supports approval, concurrence, and movement toward implementation. SAVE's Value Methodology Standard states that the team leader develops a report and/or presentation that documents the adequacy of the developed alternatives and the associated value improvement opportunity.
Therefore, recommended proposals are central to the presentation. The VM study scope and goals are also appropriate because decision makers need to understand the boundaries, objectives, assumptions, and basis of the study. Expected implementation decisions are also relevant because the presentation should help management determine whether alternatives should proceed, require more information, or be rejected. The Presentation Phase is specifically tied to obtaining concurrence and commitment to proceed with implementation recommendations.
Recognition of contributors may be professionally courteous and can appear in a report appendix, closing remarks, or acknowledgments section, but it is not essential technical content for decision making. Compared with scope, goals, recommendations, and implementation decisions, it is the least appropriate core information for the VM presentation.
References/topics: Presentation Phase; VM Report; Recommended Proposals; Implementation Commitment; Decision-Maker Communication.
NEW QUESTION # 15
A VM program manager has limited time available to coordinate VM studies. Rank their priorities.
Answer:
Explanation:
Explanation:
1st: Selecting Subjects for VM Studies
2nd: Study Preparation and Team Selection
3rd: Study Implementation and Reporting
4th: Attending VM Studies
The correct priority order reflects the highest-leverage responsibilities of a VM Program Manager. The first priority is selecting subjects for VM studies because the program's value depends on choosing projects with meaningful improvement potential, management relevance, and timing suitable for influence. SAVE's Value Methodology Standard identifies a typical duty of the value program unit as selecting projects for VM study, obtaining approval, and securing team members.
The second priority is study preparation and team selection . A VM study can fail before the workshop begins if scope, data, logistics, and team composition are weak. The Standard specifically requires team composition to be reviewed so customer, technical, and management areas are represented, and the team leader confirms schedule, location, support needs, and data-gathering assignments.
The third priority is study implementation and reporting , because accepted proposals must be tracked and benefits verified. SAVE guidance assigns the value program unit responsibility for progress reporting and monitoring implementation of accepted VM proposals. Attending VM studies is lowest because personal attendance is less critical than governance, study selection, preparation, and implementation control.
References/topics: VM Programs; Value Program Manager Responsibilities; Study Selection; Team Selection; Implementation Tracking and Reporting.
NEW QUESTION # 16
Which of the following are key elements of a risk register?
Choose 2 answers.
Answer: C,D
Explanation:
The correct answers are B and D . A risk register is used to document, organize, and evaluate risks so that the VM team can understand how uncertainty may affect proposed alternatives. The two essential risk-register elements shown in the choices are probability of occurrence and impact on the scope . Probability identifies how likely the risk is to happen. Impact identifies what the consequence will be if the risk occurs, including possible effects on scope, cost, schedule, quality, performance, implementation, or stakeholder acceptance.
In the VM Job Plan, risk thinking becomes especially important when ideas move from creativity into evaluation and development. At that point, alternatives are no longer just possibilities; they must be tested for feasibility, consequences, and implementation exposure. A risk with high probability and high impact demands more attention than one with low probability and minor impact.
Option A, performance criteria , is related to evaluation criteria, not a core risk-register field. Option C, function of the risk , is not a standard risk-register element. Functions belong to Function Analysis and are normally expressed in verb-noun format, while risks are documented as uncertain events or conditions.
References/topics: Evaluation Phase; Development Phase; Risk Register; Risk Probability; Risk Impact; VM Proposal Screening.
NEW QUESTION # 17
Which of the following actions would be appropriate to effectively report lessons learned for a VM program?
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are A and C . In a VM Program, lessons learned should be captured, communicated, and converted into practical improvement for future value studies. Creating a summarized report and sharing it with the project team is appropriate because it records what worked, what did not work, what assumptions changed, what facilitation issues occurred, and what implementation barriers or success factors were observed.
Scheduling a team meeting is also appropriate because lessons learned are most useful when discussed, validated, and connected to future application. SAVE's VM Job Plan identifies Post-Study activity as completing changes, implementing changes, and monitoring status, with the objective of assuring implementation of approved recommendations. ( courses.washington.edu ) A lessons-learned review supports that same control mindset by improving future VM planning, team selection, facilitation, proposal development, and implementation follow-through.
Option B is weak because storing a report without distribution does not transfer knowledge. Option D is incorrect because successful projects still produce valuable positive lessons that should be repeated.
References/topics: VM Programs; Post-Study Activities; Lessons Learned; Knowledge Transfer; Continuous Improvement; VM Program Management.
NEW QUESTION # 18
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