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Helping Hand Questions for CVS

Page: 10 / 11
Total 147 questions

Certified Value Specialist Questions and Answers

Question 37

Which statement best describes a FAST diagram?

Options:

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

Question 38

A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000. Using VI = FC ÷ FW, what is the Value Index?

Options:

A.

0.67

B.

1.00

C.

1.50

D.

2.00

Question 39

Which approaches should the VM facilitator use to encourage innovation?

Choose 2 answers.

Options:

A.

Maintaining current systems that work well

B.

Imagining the ideal future by focusing on long-term goals for maximizing future potential

C.

Exploring by discovering new possibilities using ideas from other areas and disciplines

D.

Avoiding the combining and testing of new combinations

Question 40

Which of the following strategies should be used to enhance understanding of VM proposals presented during the Presentation Phase?

Choose 2 answers.

Options:

A.

Rely solely on the graphics without verbal explanations.

B.

Include as many graphics as possible to showcase creativity.

C.

Use baseline and proposed graphics at a similar level of complexity.

D.

Provide clear explanations and context for each graphic presented.

Page: 10 / 11
Total 147 questions