Summer Certification Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

Free and Premium SAVE International CVS Dumps Questions Answers

Page: 1 / 11
Total 147 questions

Certified Value Specialist Questions and Answers

Question 1

A VM program’s standard operating procedures should include

Options:

A.

a requirement that each VM team member be independent from the development team.

B.

how subjects for VM studies are identified.

C.

a listing of standard functions to be included in a VM study.

D.

a required number of creative ideas to be generated in a study.

Buy Now
Question 2

A company wants to add a new product to its manufacturing process. Who should provide input as this new product will affect the current manufacturing process?

Choose 3 answers.

Options:

A.

Marketing

B.

Maintenance

C.

Production

D.

Human resources

E.

Engineering

Question 3

How does leveraging the ambiguity of functions foster creativity?

Choose 2 answers.

Options:

A.

Contributes to convergent thinking

B.

Contributes to divergent thinking

C.

Focuses on structure

D.

Provides subject context reframing

Question 4

What are typical examples of evaluation criteria used for a business process study during the Evaluation Phase?

Choose 2 answers.

Options:

A.

Efficiency

B.

Environmental impact

C.

Maintenance

D.

Scalability

Question 5

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

Options:

A.

Facilitate sight

B.

Maintain position

C.

Modify vision

D.

Fold eyeglasses

Question 6

Match each Phase with its correct question:

Options:

Question 7

Select the best matches for the functions of prescription eyeglasses.

Options:

Question 8

The left project scope line is located between the

Options:

A.

Subject objectives and all-the-time functions

B.

Secondary and lower order functions

C.

Higher order and basic functions

D.

Basic and secondary functions

Question 9

What does VOC stand for?

Options:

A.

Value of concepts

B.

Voice of the customer

C.

Voice of the client

D.

Value of communications

Question 10

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?

Options:

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.

Question 11

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

Choose 2 answers.

Options:

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.

Question 12

A company wants to add a new product to its manufacturing process. Who should provide input as this new product will affect the current manufacturing process?

Choose 3 answers.

Options:

A.

Marketing

B.

Maintenance

C.

Production

D.

Human resources

E.

Engineering

Question 13

During the Presentation Phase, the team leader should primarily do which of the following?

Options:

A.

Document and communicate developed alternatives and value improvement opportunities

B.

Begin random function identification

C.

Generate all possible alternatives without evaluation

D.

Replace the owner’s decision-making authority

Question 14

Which of the following are techniques the VM facilitator might use for a VM study team that is having difficulty completing the FAST diagram?

Choose 2 answers.

Options:

A.

Ask the VM study team if a function is missing

B.

Reorganize the functions for the VM study team

C.

Make sure all identified functions are used

D.

Review level of abstraction

Question 15

Subject information:

Service Life = 12 years

Fuel = $9.00 per liter

Annual kilometers driven = 40,000 kilometers

Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .

Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometer per liter .

Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .

What are the repair and replacement costs for Car B for the service life of the vehicle?

Options:

A.

$6,000

B.

$12,000

C.

$10,000

D.

$4,000

Question 16

Which of the following should the project manager use to support the implementation of proposals?

Choose 2 answers.

Options:

A.

Previously gathered user experiences.

B.

A detailed implementation plan including timelines and resources.

C.

A contingency plan to address potential issues that may arise during implementation.

D.

The implementation plan without assessing current policies and procedures.

Question 17

The VM job plan separates

Options:

A.

creative steps from analytical steps.

B.

designers from the VM Team.

C.

cost estimates from functions.

D.

project needs from functions.

Question 18

Which of the following are appropriate techniques to achieve the expected output in the Function Analysis Phase?

Choose 2 answers.

Options:

A.

Random function identification

B.

Detailed cost analysis

C.

Paired comparison matrix

D.

Process flowchart

E.

FAST diagramming

Question 19

Which of the following actions would be appropriate to effectively report lessons learned for a VM program?

Choose 2 answers.

Options:

A.

Create a summarized report of lessons learned and share it with the project team.

B.

Store the lessons learned report in a digital folder without any further distribution.

C.

Schedule a meeting with the team to discuss the lessons learned and how they can be applied in future projects.

D.

Ignore the lessons learned discussion since the last project was successful.

Question 20

What are effective approaches used by the VM facilitator during the Evaluation Phase?

Choose 2 answers.

Options:

A.

Recognize when the group is off-topic and redirect them.

B.

Establish a clear context for the session.

C.

Avoid discussion of additional or modified ideas.

D.

Select a single evaluation technique to be used for the process.

Question 21

Which of the following could a VM facilitator say to stimulate creativity?

Choose 2 answers.

Options:

A.

“What does the project manager think of these ideas?”

B.

“What do you wish could have happened or had been done differently?”

C.

“If you could do anything at all to change the study subject, what would that be?”

D.

“Please wait to speak until you are called upon.”

Question 22

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

Choose 2 answers.

Options:

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

Question 23

Which of the following actions demonstrate brainwriting during the Creativity Phase?

Options:

A.

Have participants write down their ideas in silence before sharing them verbally with the group.

B.

Encourage participants to speak their ideas out loud as soon as they think of them to foster discussion.

C.

Limit the session to only those ideas that are immediately feasible for implementation.

D.

Distribute a template that prompts participants to build on each other’s ideas instead of developing their own.

Question 24

At a VM study implementation meeting the VM facilitator is asked to make a five-minute presentation. The presentation should

Options:

A.

focus on the VM study job plan.

B.

explain how the Value Methodology works.

C.

highlight the strengths of each VM team member.

D.

demonstrate that the VM team understood objectives of the VM study.

Question 25

Innovation styles, also known as creativity types, include

Options:

A.

Visioning, modifying, and experimenting

B.

Exploring, adapting, and brainstorming

C.

Factfinding, brainstorming, and transforming

D.

Analyzing, testing, and illustrating

Question 26

There is resistance to a new VM program in an organization. What should a VM program coordinator focus on to increase acceptance of VM?

Options:

A.

Explain the difference between VM and other value-improving programs (TRIZ, Lean 6-Sigma, etc.)

B.

Highlight that there are many areas with deficiencies that will be improved by VM.

C.

Prepare a memo for the CEO to sign that requires staff to incorporate VM in all departments.

D.

Identify a few subjects that would benefit from change and recommend a VM study through dialogue with staff.

Question 27

A RACI matrix identifies

Choose 3 answers.

Options:

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.

Question 28

Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?

Options:

A.

Total costs

B.

Life-cycle costs

C.

Incremental unit costs

D.

Annualized costs

Question 29

Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor. Carpet installation cost is $30 per square meter. What is the initial cost of the carpet?

Options:

A.

$30,000

B.

$32,500

C.

$33,000

D.

$36,000

Question 30

Which of the following actions would be appropriate for creating an effective evaluation framework?

Choose 2 answers.

Options:

A.

Conduct evaluations during the Creativity Phase.

B.

Define clear objectives and success criteria that align with the subject goals.

C.

Use the VM team's gut feel index.

D.

Involve stakeholders in the evaluation process.

Question 31

When a higher discount rate is used to calculate life cycle costs, which change occurs to the value of money over time?

Options:

A.

The discount rate is not needed.

B.

There is no change.

C.

The life cycle cost is increased.

D.

The life cycle cost is reduced.

Question 32

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

Choose 3 answers.

Options:

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

Question 33

On the Function Logic Path, how do prescription eyeglasses correct vision?

Options:

A.

Minimize weight

B.

Secure position

C.

Improve durability

D.

Align focus

Question 34

What should the VM facilitator consider for the presentation format?

Choose 2 answers

Options:

A.

Presentation environment and location

B.

Who should present VM proposals

C.

The technical experience of the audience

D.

The type of PowerPoint presentation

Question 35

The decision makers cling to familiar ways and reject all the VM proposals. What strategy could the VM facilitator use to persuade them to reconsider their decisions?

Options:

A.

Identify areas of instability.

B.

Repeat the VM study with new team members.

C.

Provide information only as required to reduce the potential for discomfort.

D.

Identify how to modify behaviors in the context of the new situation.

Question 36

Which is the least appropriate information to include in the Presentation?

Options:

A.

Recommended proposals

B.

VM study scope and goals

C.

Expected implementation decisions

D.

Recognition of VM study contributors

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.

Question 41

How should the VM facilitator handle “conditionally accepted” VM proposals?

Choose 2 answers.

Options:

A.

Identify modifications required for acceptance.

B.

List the VM proposal as accepted.

C.

Ask decision makers for timing of the final decision.

D.

List deficiencies of the VM proposal.

Question 42

Which of the following are common change drivers?

Choose 3 answers

Options:

A.

Organizational culture

B.

Maintaining habits

C.

Technological evolution

D.

Process reviews

E.

Crises

Question 43

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

Choose 2 answers.

Options:

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

Question 44

Function analysis is used to

Choose 2 answers.

Options:

A.

provide a new understanding of the project.

B.

identify improvements.

C.

create a collaborative environment.

D.

assist individuals with a technical background.

Question 45

Which of the following is information that is typically documented for “conditionally accepted” VM proposals during the Implementation Meeting?

Choose 3 answers.

Options:

A.

Timing of the final decision

B.

Grammar changes to the VM proposals

C.

VM team disagreements

D.

Action required

E.

Responsibilities

Page: 1 / 11
Total 147 questions