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[General] Pass Guaranteed SAVE International - VMA - Value Methodology Associate Useful Br

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【General】 Pass Guaranteed SAVE International - VMA - Value Methodology Associate Useful Br

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SAVE International Value Methodology Associate Sample Questions (Q44-Q49):NEW QUESTION # 44
The primary objective of the Information phase is to:
  • A. Understand the subject
  • B. Transform information
  • C. Create a cost model
  • D. Obtain the voice of the customer
Answer: A
Explanation:
The Information Phase is the first phase of the Value Methodology (VM) Job Plan, as outlined in the VMF 1 course (Core Competency #3: Value Methodology Job Plan). According to SAVE International's Value Methodology Standard, "the primary objective of the Information Phase is to obtain a thorough understanding of the subject of the VM study by gathering and analyzing data on project scope, costs, constraints, objectives, and stakeholder needs." This phase establishes the foundation for the entire study by ensuring the team fully understands the project, its goals, and its constraints before proceeding to function analysis. While obtaining the voice of the customer (e.g., through focus panels, as noted in Question 34) and creating cost models are activities within this phase, the overarching objective is to understand the subject comprehensively.
* Option A (Understand the subject) is correct, as it directly aligns with the primary objective of the Information Phase per VM standards (also noted in Question 14).
* Option B (Obtain the voice of the customer) is incorrect because, while this is an activity within the Information Phase, it is not the primary objective; the broader goal is understanding the subject.
* Option C (Create a cost model) is incorrect because cost modeling is a specific activity within the Information Phase, not the primary objective.
* Option D (Transform information) is incorrect because transforming information occurs later (e.g., during Function Analysis or Development), not as the primary goal of the Information Phase.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, detailing the Information Phase's objective to understand the study subject.
SAVE International, VMF 1 Core Competency #3 (Value Methodology Job Plan), emphasizing the role of the Information Phase in understanding the subject (as noted in Question 14).

NEW QUESTION # 45
Which type of value is the sum of labor, material, and other resources required to produce the subject?
  • A. Esteem Value
  • B. Cost Value
  • C. Use Value
  • D. Exchange Value
Answer: B
Explanation:
In Value Methodology, value is defined as the relationship between function and cost (value = function/cost), and different types of value are analyzed to assess worth, as taught in the VMF 1 course (Core Competency
#4: Cost Analysis). According to SAVE International's Value Methodology Standard, the types of value include:
* Cost Value: "The sum of labor, material, overhead, and other resources required to produce the subject." It represents the actual cost to create or deliver the product or system.
* Use Value: The value of the functions the subject performs (e.g., what it does for the user).
* Esteem Value: The value associated with prestige, aesthetics, or desirability (e.g., brand value).
* Exchange Value: The value of the subject in terms of what it can be exchanged for (e.g., market value).
The question asks for the type of value that is the sum of labor, material, and other resources, which directly matches the definition ofCost Value. For example, the cost value of a car includes the costs of its parts, labor to assemble it, and overhead expenses.
* Option A (Esteem Value) is incorrect because esteem value relates to subjective desirability, not production costs.
* Option B (Exchange Value) is incorrect because exchange value is the market value, not the cost to produce.
* Option C (Use Value) is incorrect because use value reflects the functional utility, not the resource costs.
* Option D (Cost Value) is correct, as it is defined as the sum of resources required to produce the subject.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, defining Cost Value as the sum of production resources.
SAVE International, VMF 1 Core Competency #4 (Cost Analysis), explaining types of value, including Cost Value, in the context of VM studies.

NEW QUESTION # 46
Which of the following are tasks during the development of VM proposals? (Choose 3 answers)
  • A. Assess time and schedule impacts
  • B. Determine costs
  • C. Validate the proposal
  • D. Address technical feasibility
  • E. State the disposition of the proposal
Answer: A,B,D
Explanation:
The Development Phase of the Value Methodology (VM) Job Plan involves refining selected ideas into actionable proposals, as taught in the VMF 1 course (Core Competency #3: Value Methodology Job Plan).
According to SAVE International's Value Methodology Standard, "during the Development Phase, the VM team develops proposals by addressing technical feasibility, assessing time and schedule impacts, determining costs, identifying risks, and providing implementation plans." These tasks ensure that proposals are practical, cost-effective, and ready for presentation to stakeholders.
* A. Address technical feasibility: Correct, as the team must ensure the proposal can be implemented technically (e.g., does the design work?).
* B. Assess time and schedule impacts: Correct, as the team evaluates how the proposal affects the project timeline (e.g., delays or accelerations).
* D. Determine costs: Correct, as cost modeling is a key task (as noted in Question 9), providing stakeholders with financial impacts of the proposal.
* C. State the disposition of the proposal: Incorrect, as stating the disposition (e.g., accepted, rejected) occurs after the Presentation Phase, when stakeholders decide on the proposal, not during Development.
* E. Validate the proposal: Incorrect, as validation (e.g., testing or final confirmation) typically occurs during implementation or post-study, not during Development, which focuses on creating the proposal.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, detailing tasks in the Development Phase like technical feasibility, time impacts, and cost determination.
SAVE International, VMF 1 Core Competency #3 (Value Methodology Job Plan), emphasizing Development Phase tasks (consistent with Question 9).

NEW QUESTION # 47
"When" is represented by which of the following letters?

  • A. B
  • B. D
  • C. C
  • D. A
Answer: D
Explanation:
The diagram provided is a Function Analysis System Technique (FAST) diagram, a key tool in Value Methodology's Function Analysis phase, as taught in the VMF 1 course (Core Competency #2). FAST diagrams map the relationships between functions of a system, with specific directions indicating the logic of the functions:
* The horizontal axis represents the "how-why" logic (critical path), where moving left answers "why" and moving right answers "how."
* The vertical axis represents the "when" direction, indicating functions that occur simultaneously or continuously while the critical path functions are performed (e.g., all-the-time functions, as noted in Question 27).
According to SAVE International's Value Methodology Standard, "in a FAST diagram, the 'when' direction is shown by vertical relationships, indicating functions that are concurrent or supporting the critical path." In the diagram:
* The critical path (horizontal, marked by Y in Question 3) runs from E to F to G to J to L to M to N to O.
* Scope lines are labeled B (left) and D (right), as identified in Question 30.
* Vertical arrows (e.g., Z in Question 3, pointing to J-K) indicate the "when" direction, showing functions that occur simultaneously with the critical path functions.
* Ais a horizontal line at the bottom of the diagram, but in FAST diagramming, the vertical axis (and its bounding lines) is associated with the "when" direction. The options (A, B, C, D) include A as the bottom horizontal line, which, in some FAST diagram interpretations, can be seen as marking the boundary of the "when" direction (vertical relationships).
* C(noted in Question 30) is an arrow pointing left, representing the "why" direction, not "when." Given the options,Ais the closest representation of the "when" direction, as it aligns with the vertical axis's boundary, which defines the space where "when" relationships (simultaneous functions) are shown. In standard FAST diagramming, the "when" direction is vertical, and A, as the bottom horizontal line, frames the vertical space where these relationships are depicted (e.g., S, T, U, K).
* Option A (A) is correct, as it represents the boundary of the vertical axis, which is associated with the
"when" direction in FAST diagrams.
* Option B (B) is incorrect because B is a scope line (left vertical), which defines the study's boundary, not the "when" direction.
* Option C (C) is incorrect because C is an arrow indicating the "why" direction (left), not "when."
* Option D (D) is incorrect because D is the right scope line, not related to the "when" direction.
:
SAVE International, VMF 1 Core Competency #2 (Function Analysis), defining the "when" direction in FAST diagrams as vertical, indicating simultaneous functions.
SAVE International, "Value Methodology Standard," section on Function Analysis, describing FAST diagramming conventions, including the "when" direction as vertical relationships.

NEW QUESTION # 48
Which are the three main characteristics of the Value Methodology?
  • A. Systematic process, multidisciplinary team, qualified VM facilitator
  • B. Multidisciplinary team, cost reduction, function improvement
  • C. Function Analysis, brainstorming, teamwork
  • D. Systematic process, function analysis, CVS
Answer: A
Explanation:
Value Methodology (VM) is defined by SAVE International in its Value Methodology Standard as "a systematic process that uses a structured Job Plan to improve the value of projects, products, or processes by analyzing their functions and identifying opportunities to achieve required functions at the lowest total cost without compromising quality or performance" (as noted in Question 23). The VMF 1 course (Core Competency #1: Value Methodology Overview) highlights three main characteristics that define VM:
* Systematic process: VM follows a methodical, step-by-step approach (the VM Job Plan) to ensure consistency and effectiveness.
* Multidisciplinary team: VM studies are conducted by a diverse team with varied expertise to bring different perspectives (as emphasized in Question 24).
* Qualified VM facilitator: A facilitator trained in VM (often, but not always, a Certified Value Specialist) ensures the process is applied correctly and the team achieves optimal results.
While a Certified Value Specialist (CVS) is often involved, the broader characteristic is a qualified VM facilitator, as not all studies require a CVS (as noted in Question 4).
* Option A (Systematic process, function analysis, CVS) is incorrect because, while systematic process and function analysis are key, a CVS is not a defining characteristic; a qualified facilitator is more broadly applicable.
* Option B (Function Analysis, brainstorming, teamwork) is incorrect because these are components or activities within VM, not the main characteristics that define the methodology.
* Option C (Systematic process, multidisciplinary team, qualified VM facilitator) is correct, as it captures the three core characteristics of VM per SAVE International's standards.
* Option D (Multidisciplinary team, cost reduction, function improvement) is incorrect because cost reduction and function improvement are outcomes of VM, not defining characteristics; the systematic process and facilitation are more fundamental.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, defining VM as a systematic process with a multidisciplinary team and facilitated approach.
SAVE International, VMF 1 Core Competency #1 (Value Methodology Overview), emphasizing the systematic, team-based, and facilitated nature of VM (consistent with Questions 23 and 24).

NEW QUESTION # 49
......
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