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Last Updated: Aug 22, 2026
No. of Questions: 149 Questions & Answers with Testing Engine
Download Limit: Unlimited
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Standards, Ethics and Application | 10% | - Professional ethics and responsibilities - SAVE International standards and guidelines - Application in different industries and sectors |
| Topic 2: Value Methodology Job Plan | 30% | - Presentation and implementation phase - Development phase - Creative phase - Evaluation phase - Preparation phase - Information phase - Function analysis phase |
| Topic 3: Leadership and Facilitation | 15% | - Stakeholder management and communication - Leading value study teams - Workshop facilitation skills |
| Topic 4: Value Methodology Principles and Concepts | 25% | - Origins, development and application scope of Value Methodology - Value index, function and cost relationship - Definition and core concepts of Value |
| Topic 5: Tools and Techniques | 20% | - Decision-making and evaluation tools - Function analysis system technique (FAST) - Cost analysis and worth assessment - Creative thinking and idea generation methods |
1. Lower-order functions are
Choose 2 answers.
A) referred to as "assumed" functions.
B) located outside of the right scope line.
C) an output of the VM Study.
D) generally determined by the customer.
2. Which of the following are typically documented in the "accepted" VM proposal status report?
Choose 3 answers.
A) Report number
B) VM study presentation
C) Next update
D) Tracking identification number
E) Performance impacts
3. Which function statement is written in the most appropriate VM format?
A) Provide better construction system
B) Support load
C) Strong steel beam
D) The beam supports the roof
4. A VM Facilitator has been asked to propose ways to reduce the value study time commitment of client VM team members who have specialized knowledge required for the study. What should the VM Facilitator propose to best reduce the time commitments of the specialists?
A) Suggest that VM team members with specialized knowledge participate in the Development Phase to ensure reasonable value proposals.
B) Recommend VM members with specialized knowledge participate in the Creativity Phase to ensure the team understands their perspectives.
C) Recommend that all team members follow all the VM job plan phases to achieve value improvement.
D) Suggest VM team members with specialized knowledge participate in the Function Analysis Phase because it leads to creativity.
5. On a FAST diagram, the
Choose 3 answers.
A) basic function is to the immediate right of the left scope line.
B) higher order function is to the immediate left of the left scope line.
C) scope lines are shown as solid lines.
D) lower order function is to the immediate left of the right scope line.
E) scope lines represent limits of the VM study subject.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: C,D,E | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A,B,E |
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