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CVS Questions and Answers

Question # 6

Place the process flow chart for the Function Performance Specification in the correct order.

Question # 6

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Question # 7

Which factors influence the scheduling of the presentation at the end of the VM study workshop?

Choose 2 answers.

A.

Size of the VM team

B.

Number of participants

C.

Level of management involvement

D.

Number of VM proposals developed

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Question # 8

What are key reasons to use a fine evaluation filter?

Choose 2 answers.

A.

It uses weighted relative importance.

B.

It slows the process to promote initial ideas.

C.

It increases rigor in the evaluation process.

D.

It allows differentiation between ideas.

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Question # 9

Function analysis is used to

Choose 2 answers.

A.

provide a new understanding of the project.

B.

identify improvements.

C.

create a collaborative environment.

D.

assist individuals with a technical background.

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Question # 10

A RACI matrix identifies

Choose 3 answers.

A.

what reasonable information is to be provided.

B.

threats and opportunities.

C.

weighted performance attributes.

D.

level of stakeholder involvement in activities.

E.

stakeholders required to provide feedback.

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Question # 11

Who typically relates value directly to the functions they are trying to acquire?

A.

Decision makers

B.

Design team

C.

Users

D.

Customers

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Question # 12

Which of the following assists the VM Facilitator in creating a collaborative client relationship?

Choose 3 answers.

A.

Diagnosing client needs and creating appropriate VM Job Plan elements to achieve intended outcomes

B.

Focusing on structure

C.

Analyzing organizational involvement

D.

Dictating tasks, deliverables, roles, and responsibilities

E.

Clarifying mutual involvement

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Question # 13

A higher-order function

Choose 2 answers.

A.

represents specific needs satisfied by the basic function.

B.

describes the output of the basic function.

C.

is fundamental to the subject scope.

D.

describes input for the basic function.

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Question # 14

A VM study team member arrives with new information during the development of VM proposals. What should the VM facilitator do?

Choose 2 answers.

A.

Assess the information with the VM team.

B.

Discuss the information with the study subject program manager.

C.

Develop a new VM proposal.

D.

Disregard the information.

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Question # 15

The VM job plan separates

A.

creative steps from analytical steps.

B.

designers from the VM Team.

C.

cost estimates from functions.

D.

project needs from functions.

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Question # 16

What is the most appropriate description of the Information Phase?

A.

Make sure management agrees with the topic being studied

B.

Confirm timing of Job Plan phases with the customer

C.

Gather, organize, review, and transform data collected

D.

Collect and restructure data to support the function analysis phase

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Question # 17

Question # 17

Which of the following is an “all-the-time” function in a FAST diagram for prescription eyeglasses?

A.

Improve focus

B.

Display information

C.

Position lenses

D.

Access vision

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Question # 18

Which statement best describes a FAST diagram?

A.

A schedule network used to calculate project float

B.

A graphical model showing dependent relationships among functions

C.

A cost spreadsheet used to calculate inflation

D.

A procurement chart showing supplier lead times

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Question # 19

What should the VM facilitator primarily consider when guiding discussion on which VM proposals to present when time is limited?

Choose 2 answers.

A.

Proposals that provide the greatest benefit

B.

The relative risk of each proposal

C.

Easily implemented proposals

D.

Proposals with low-cost impact

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Question # 20

Which function of prescription eyeglasses is located in the “When” direction?

Question # 20

A.

Facilitate sight

B.

Maintain position

C.

Modify vision

D.

Fold eyeglasses

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Question # 21

The decision-makers agreed to implement a VM proposal requiring an organizational change. What should be done to improve success?

Choose 2 answers.

A.

Encourage participation by those affected by the change

B.

Strictly define the implementation plan

C.

Hire a change management consultant

D.

Appoint an oversight committee

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Question # 22

When facilitating a VM study team without experience with function analysis, which of the following are effective methods to introduce the topic?

Choose 2 answers.

A.

Prepare a FAST diagram in advance of the meeting.

B.

Show the VM study team an example of function analysis.

C.

Have the VM Team identify functions of items in the room.

D.

Classify functions prior to identifying functions.

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Question # 23

Which of the following are the effects of increasing the duration of a VM study?

Choose 2 answers.

A.

Site visit duration is unchanged

B.

Additional creative techniques can be used

C.

Numerous FAST diagrams are constructed

D.

Evaluation techniques are more thoughtful

E.

More VM proposals are implemented

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Question # 24

A higher-order function

Choose 2 answers.

A.

represents specific needs satisfied by the basic function.

B.

describes the output of the basic function.

C.

is fundamental to the subject scope.

D.

describes input for the basic function.

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Question # 25

Which function statement is written in the most appropriate VM format?

A.

Strong steel beam

B.

Support load

C.

The beam supports the roof

D.

Provide better construction system

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Question # 26

During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?

A.

Develop a training manual for new employees on how to use the project management system, but do not include tracking procedures.

B.

Implement a weekly status update meeting where project milestones are discussed, but focus solely on outcomes without auditing the processes used.

C.

Conduct regular audits of project documents to confirm all data entries are accurate and compliant with company standards.

D.

Only review audit logs at the end of the project to assess compliance and make necessary adjustments for future projects.

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Question # 27

Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject’s impact?

Choose 2 answers

A.

Conduct a one-time survey to gather staff opinions.

B.

Set baseline criteria for measurement against future outcomes.

C.

Review the project’s budget to assess financial efficiency.

D.

Define key performance indicators that align with subject objectives.

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Question # 28

Which of the following actions should be taken to develop a comprehensive and effective VM study report?

Choose 2 answers.

A.

List VM proposals developed.

B.

Include a detailed methodology section.

C.

Focus the report on the major VM proposals.

D.

Focus on technical terminology.

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Question # 29

What are tools the VM facilitator might use during the Creativity Phase?

Choose 3 answers.

A.

Reverse brainstorming

B.

Hitchhiking

C.

SWOT analysis

D.

Mind-mapping

E.

RACI matrix

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Question # 30

Which of the following are typically documented on an Implementation Form?

Choose 3 answers.

A.

Creative idea list

B.

VM proposal number

C.

Risk impacts

D.

Title of the VM proposal

E.

Developer of the VM proposal

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Question # 31

Which of the following is the most commonly used technique to identify functions?

A.

FAST

B.

Mind Mapping

C.

Random Words

D.

Random Function Identification

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Question # 32

During the Creativity Phase, the VM Study Team is identifying options that are out of the scope of the study. The Facilitator should

A.

Have the group vote on adjusting the scope of the VM study.

B.

Review the VM Job Plan and adjust the schedule.

C.

Discuss and confirm the study scope with the VM Team and study sponsor.

D.

Remind the VM Team that the suggested ideas are out of scope.

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Question # 33

A well-managed VM program will include a process

Choose 2 answers.

A.

for selecting subjects for VM studies.

B.

to guarantee a return on investment from each VM study.

C.

for identifying when a VM study should be applied to a subject.

D.

that requires a VM study on each subject.

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Question # 34

A VM study team struggles to reach consensus while evaluating an idea during the Evaluation Phase. Which approaches should the VM facilitator use?

Choose 3 answers.

A.

Have the team modify the title of the idea.

B.

Ask for more information about the idea.

C.

Remove the idea from further consideration.

D.

Ensure each team member has provided their input.

E.

Restart the evaluation process.

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Question # 35

Which of the following are inputs to the Presentation Phase?

Choose 3 answers.

A.

Disposition decision

B.

VM study subject information

C.

List of participants

D.

VM study report

E.

VM proposals

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Question # 36

What is the expected output or deliverable of the Information Phase?

A.

Identification of value improvement opportunities

B.

Thorough understanding of the study subject

C.

Definition of study subject functions

D.

Recommended value improvement proposals

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Question # 37

After reviewing the VM study results, the decision-makers take no action. What strategies could the VM facilitator use to engage the group?

Choose 2 answers.

A.

Discuss allocating time and resources to implement the change.

B.

Maintain involvement at lower level of management.

C.

Provide only the necessary information with respect to the change.

D.

Build a support network by developing a detailed Implementation Plan.

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Question # 38

Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.

Carpet

Installed cost, including pad = $30 / square meter

Service life = 10 years

Maintenance cost: vacuum weekly = $500 / month

Maintenance cost: shampoo once per year = $3,000 / shampoo

Vinyl

Installed cost, including pad = $10 / square meter

Service life = 15 years

Maintenance cost: vacuum weekly = $400 / month

Maintenance cost: strip and wax once per month = $1,000 / strip and wax

Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

A.

Carpet $120,000

B.

Vinyl Tile $130,000

C.

Carpet $138,000

D.

Vinyl Tile $178,000

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Question # 39

On a FAST diagram, the

Choose 3 answers.

A.

scope lines represent limits of the VM study subject.

B.

scope lines are shown as solid lines.

C.

basic function is to the immediate right of the left scope line.

D.

higher order function is to the immediate left of the left scope line.

E.

lower order function is to the immediate left of the right scope line.

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Question # 40

Which statement best describes the Implementation Phase?

A.

It occurs before the Information Phase to collect user attitudes

B.

It converts accepted value proposals into executed changes and tracks results

C.

It is identical to the Creativity Phase

D.

It is where all unselected ideas are formally approved

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Question # 41

Unwanted functions

Choose 3 answers.

A.

degrade performance.

B.

are the focus for problem-solving.

C.

are the byproduct of the way another function is performed.

D.

are used with Value Index to identify opportunities.

E.

increase costs.

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Question # 42

What is the ultimate objective of the Function Analysis Phase?

A.

To allocate resources to functions.

B.

To organize functions.

C.

To classify functions.

D.

To prioritize functions.

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Question # 43

Which of the following are reasons why the VM facilitator and VM study team members should participate in the Implementation Meeting?

Choose 3 answers

A.

To answer questions about the cost impact

B.

To present the VM proposals

C.

To respond to technical questions about the VM proposals

D.

To address alternative VM proposals

E.

To address the level of effort required for implementation

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Question # 44

According to the Value Methodology Job Plan.

Choose 2 answers.

A.

Alternative solutions are evaluated based on criteria established.

B.

Alternative solutions are generated and evaluated at the same time.

C.

Functions are defined prior to the generation of alternative solutions.

D.

Functions are defined prior to the VM study.

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Question # 45

Which of the following actions is the most effective method for encouraging stakeholder engagement during the implementation phase?

A.

Assign tasks to team members before informing stakeholders.

B.

Use formal reports to streamline the process.

C.

Provide stakeholders with the VM study report during the implementation meeting.

D.

Coordinate with the project manager to distribute information to stakeholders.

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