The VM is defined by SAVE International as a:
Structured process
Specialized process
Systematic process
Sequential process
Value Methodology (VM) is defined by SAVE International in its Value Methodology Standard as “asystematic processthat 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.” The term “systematic” emphasizes the methodical, disciplined approach of VM, which follows a defined sequence of phases (the VM Job Plan) and uses specific tools like Function Analysis and cost modeling to ensure consistency and effectiveness.
Option A (Structured process) is partially correct, as VM is structured, but “systematic” is the precise term used by SAVE International to describe the methodology’s comprehensive and methodical nature.
Option B (Specialized process) is incorrect because VM is a general methodology applicable across industries, not limited to a specific domain.
Option C (Systematic process) is correct, directly matching SAVE International’s definition of VM.
Option D (Sequential process) is incorrect because, while the VM Job Plan is sequential, the definition of VM focuses on its systematic nature, not just the sequence.
What is a function of a teacup?
Provide container
Allow drinking
Contain tea
Contain liquid
Function Analysis in Value Methodology involves identifying and classifying functions using verb-noun combinations, as taught in the VMF 1 course (Core Competency #2). The basic function of an item is its primary purpose—what it must do to fulfill its intended use, defined in broad, measurable terms. According to SAVE International’s Value Methodology Standard, “functions should be expressed at a level that captures the core purpose of the item, avoiding overly specific or secondary actions.” For a teacup, the basic function is the most fundamental action it performs. A teacup’s primary purpose is tocontain liquid, as this captures the essential role of holding a liquid (e.g., tea, water, or any beverage), which applies to all teacups regardless of the specific liquid or use.
Option A (Provide container) is incorrect because “provide container” is not a standard verb-noun function format and is too vague; the teacup itself is the container, and the function is what it does (contain liquid).
Option B (Allow drinking) is incorrect because allowing drinking is a secondary function or outcome; the teacup must first contain liquid before drinking can occur, and not all uses involve drinking (e.g., holding liquid for soaking).
Option C (Contain tea) is incorrect because, while a teacup often contains tea, this is too specific; a teacup can hold other liquids (e.g., coffee, water), so the basic function is broader.
Option D (Contain liquid) is correct, as it defines the basic function of a teacup in the most fundamental terms, encompassing all potential uses, similar to how a pen’s function was defined as “mark surface” in Question 38.
In SWOT analysis:
Strengths and opportunities are internal attributes.
Threats and strengths are harmful attributes.
Strengths and weaknesses are helpful attributes.
Opportunities and threats are external attributes.
SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) is a tool sometimes used in Value Methodology, particularly during the Information Phase or Evaluation Phase, to assess the context of a project or product, as taught in the VMF 1 course (Core Competency #3: Value Methodology Job Plan). According to SAVE International’s Value Methodology Standard, “SWOT analysis evaluates internal and external factors: Strengths and Weaknesses are internal attributes of the system or organization, while Opportunities and Threats are external attributes from the environment.”
Strengths: Internal, helpful attributes (e.g., strong design team).
Weaknesses: Internal, harmful attributes (e.g., high production costs).
Opportunities: External, helpful attributes (e.g., market demand).
Threats: External, harmful attributes (e.g., regulatory changes).
This framework helps the VM team identify factors that could impact the study’s success, such as external opportunities to leverage or threats to mitigate.
Option A (Strengths and opportunities are internal attributes) is incorrect because opportunities are external, not internal.
Option B (Threats and strengths are harmful attributes) is incorrect because strengths are helpful, not harmful.
Option C (Strengths and weaknesses are helpful attributes) is incorrect because weaknesses are harmful, not helpful.
Option D (Opportunities and threats are external attributes) is correct, as both are external factors in SWOT analysis.
A Random Function Identification table contains:
Inputs, objectives, and sequence
Costs, time, and risks
Elements, functions, and classifications
Components, resources, and criteria
Random Function Identification is a technique used in Value Methodology’s Function Analysis phase to identify and organize functions before creating a Function Analysis System Technique (FAST) diagram, as taught in the VMF 1 course (Core Competency #2). According to SAVE International’s Value Methodology Standard, Random Function Identification involves “listing all functions of a system or project in a table, typically including the elements (components or parts), their associated functions (in verb-noun format), and their classifications (e.g., basic, secondary, higher-order).” This table helps the VM team systematically identify and categorize functions during the early stages of analysis, ensuring all functions are captured before structuring them in a FAST diagram.
Option A (Inputs, objectives, and sequence) is incorrect because inputs and objectives are part of the Information Phase, and sequence is addressed in FAST diagramming, not in the Random Function Identification table.
Option B (Costs, time, and risks) is incorrect because these are related to cost analysis or implementation planning, not function identification.
Option C (Elements, functions, and classifications) is correct, as it aligns with the purpose of the Random Function Identification table in VM.
Option D (Components, resources, and criteria) is incorrect because resources and criteria are not part of function identification; criteria are used in the Evaluation Phase.
Identify which are key data used to transform information for a product value study:
Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
The Information Phase of the Value Methodology (VM) Job Plan involves gathering and transforming data to understand the subject of the study, as taught in the VMF 1 course (Core Competency #3: Value Methodology Job Plan). According to SAVE International’s Value Methodology Standard, “key data for a product value study typically includes design objectives, cost estimates, drawings, specifications, and resource models, which are transformed to define functions, costs, and constraints.” These data types are essential for a product-focused study (as opposed to a process or construction project), enabling the VM team to:
Understand the product’s purpose (design objectives).
Analyze costs (original cost estimate, before optimization).
Review technical details (drawings, specifications).
Assess resource use (resource models).Customer demographics may provide context but are not core to transforming information for a product value study.
Option A (Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements): This is more suited for a process or construction project (e.g., flow diagrams, site plan), not a product value study.
Option B (Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information): While customer requirements and sample components are relevant, competitive analysis, packaging, and warranty are secondary; overhead cost is too specific and not a core data type for transformation.
Option C (Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics): This is correct, as it includes the core data types for a product value study (design objectives, cost estimate, drawings, specifications, resource models), though customer demographics are less critical but acceptable as context.
Option D (Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports): This includes less relevant data (customer demographics, competitive analysis, labor reports) and misses key items like design objectives and specifications.
Option C (Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics) is correct, as it best aligns with the key data needed for a product value study.
An unwanted function of a hammer would be:
Swing arm
Apply force
Deliver force
Transmit vibration
Function Analysis in Value Methodology involves identifying and classifying functions of a product, process, or system using verb-noun combinations, as taught in the VMF 1 course (Core Competency #2). Functions are categorized as basic (essential to the purpose), secondary (supporting), or unwanted (undesirable outcomes). For a hammer, the basic function is to “deliver force” to drive a nail, while secondary functions like “swing arm” or “apply force” support this purpose. An unwanted function is an unintended or negative outcome of the hammer’s use.
Option A (Swing arm) is a supporting function, describing the action of the user’s arm to generate momentum, and is not unwanted.
Option B (Apply force) is a secondary function, as it describes the action leading to delivering force, and is not unwanted.
Option C (Deliver force) is the basic function of a hammer, essential to its purpose, and not unwanted.
Option D (Transmit vibration) is correct because it represents an unintended and undesirable outcome—vibration transmitted to the user’s hand can cause discomfort or fatigue, making it an unwanted function.
The VMF 1 course emphasizes identifying unwanted functions to target areas for value improvement, such as redesigning the hammer to reduce vibration.
Which type of value is the sum of labor, material, and other resources required to produce the subject?
Esteem Value
Exchange Value
Use Value
Cost Value
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.
Which of the following letters represents the scope lines?
A
B
C
D
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 the horizontal axis showing the “how-why” logic (critical path) and the vertical axis showing supporting functions. The vertical demarcations on the left and right of a FAST diagram are calledscope lines, which define the boundaries of the study. According to SAVE International’s Value Methodology Standard, “scope lines indicate the limits of the system or project being analyzed, separating the functions within the study’s scope from external functions or assumptions.” This was previously established in Question 15, where scope lines were identified as the correct term for these vertical demarcations.
In the FAST diagram:
The dashed vertical lines on the left and right are labeledB(left) andD(right). These lines define the scope of the study, with functions inside the lines (e.g., E, F, G, J, L, M, N, O) being within the study’s focus, while functions outside (e.g., P, Q, R) are external assumptions or higher-level objectives.
Ais a horizontal line at the bottom, representing the boundary of the diagram but not the scope lines.
Cis an arrow indicating the direction of the “why” axis (left), not a scope line.
Since the question asks for the letter that “represents the scope lines,” and both B and D are scope lines, the correct answer must be one of these. However, the options only allow for one letter to be selected, and in FAST diagramming convention, the left scope line (B) is often emphasized as the primary boundary for defining the study’s starting point (e.g., the higher-order function E, as identified in Question 18). Thus,Bis the most appropriate choice among the options provided.
Option A (A) is incorrect because A is a horizontal line, not a vertical scope line.
Option B (B) is correct, as B is the left vertical scope line, marking the boundary of the study’s scope.
Option C (C) is incorrect because C is an arrow, not a scope line.
Option D (D) is also a scope line (the right boundary), but since only one letter can be selected and B is the left scope line (often the primary focus in FAST diagramming), B is chosen. If the question intended to allow both B and D, the phrasing would need adjustment.
What is the correct sequence of the last four phases of the Value Methodology Job Plan?
Development, Presentation, Evaluation, and Implementation
Evaluation, Development, Presentation, and Implementation
Evaluation, Development, Implementation, and Presentation
Development, Evaluation, Presentation, and Implementation
The Value Methodology (VM) Job Plan, as outlined in the VMF 1 course and SAVE International’s Value Methodology Standard, consists of six phases: Information, Function Analysis, Creative, Evaluation, Development, and Presentation. This was established in Question 1, where the VM Job Plan was confirmed to have six phases. The last four phases, therefore, are: Creative, Evaluation, Development, and Presentation. However, the options include “Implementation,” which is not a formal phase in the standard VM Job Plan but is often considered a post-study activity (e.g., in the post-study phase, where recommendations are implemented). For the purposes of the VMA exam, which focuses on the VMF 1 curriculum, Implementation is sometimes treated as an extension of the Presentation Phase, where the team ensures stakeholder buy-in and facilitates the transition to implementation.
Thus, the correct sequence of the last four phases, interpreting Implementation as the post-Presentation activity, is:
Creative(third phase, but the first of the last four).
Evaluation(fourth phase): Assess ideas for feasibility and value improvement.
Development(fifth phase): Refine selected ideas into actionable proposals.
Presentation(sixth phase): Present recommendations to stakeholders for approval and implementation.
Implementation: Follows Presentation as a post-study activity to execute the recommendations.
Option A (Development, Presentation, Evaluation, and Implementation) is incorrect because Evaluation must precede Development—ideas are evaluated before being developed into proposals.
Option B (Evaluation, Development, Presentation, and Implementation) is correct, as it follows the VM Job Plan’s sequence and includes Implementation as the post-study step.
Option C (Evaluation, Development, Implementation, and Presentation) is incorrect because Presentation (delivering recommendations) must occur before Implementation.
Option D (Development, Evaluation, Presentation, and Implementation) is incorrect because Development cannot precede Evaluation in the VM Job Plan.
What function must a pen or pencil perform?
Write documents
Color surface
Mark surface
Convey message
Function Analysis in Value Methodology involves identifying and classifying functions using verb-noun combinations, as taught in the VMF 1 course (Core Competency #2). The basic function of an item is its primary purpose—what it must do to fulfill its intended use. According to SAVE International’s Value Methodology Standard, “functions should be defined in broad, measurable terms (verb-noun format) to capture the core purpose.” For a pen or pencil, the basic function is the most fundamental action it performs. A pen or pencil mustmark surface, as this captures the essential action of leaving a visible trace (e.g., ink or graphite) on a surface (e.g., paper), which is the core purpose of both tools, regardless of their specific use (writing, drawing, etc.).
Option A (Write documents) is incorrect because writing documents is a specific application, not the basic function; a pen can also draw or mark without writing a document.
Option B (Color surface) is incorrect because coloring implies adding color, which is not the primary function of a standard pen or pencil (e.g., a pencil typically uses graphite, not color).
Option C (Mark surface) is correct, as it defines the basic function of a pen or pencil in the broadest, most fundamental terms, encompassing all uses (writing, drawing, marking).
Option D (Convey message) is incorrect because conveying a message is a higher-level outcome, not the basic function; a pen can mark a surface without conveying a message (e.g., a random scribble).
Within the scope of a residential door (including the door frame, hinges, lock set, and door handle), which of the following does not contain activities?
Restrict access, improve safety, transmit force
Connect spaces, construct frame, attract user
Rotate door, support load, grasp handle
Install screws, separate spaces, secure space
In Value Methodology’s Function Analysis, functions and activities are distinct concepts, as taught in the VMF 1 course (Core Competency #2: Function Analysis). According to SAVE International’s Value Methodology Standard, “functions are what a product, process, or system does, expressed in a verb-noun format (e.g., ‘restrict access’), while activities are tasks, actions, or operations that describe how a function is performed (e.g., ‘install screws’)” (as noted in Question 43). The question asks for the option that does not contain activities, meaning it should only include functions (verb-noun combinations) and no activities (specific tasks).
For a residential door:
Option A (Restrict access, improve safety, transmit force):
Restrict access (function: the door limits entry).
Improve safety (function: the door enhances security).
Transmit force (function: the handle or hinges transfer force to open/close).All are functions in verb-noun format, with no activities (specific tasks).
Option B (Connect spaces, construct frame, attract user):
Connect spaces (function: the door links rooms).
Construct frame (activity: the task of building the frame).
Attract user (function: the door’s aesthetics draw attention).Contains an activity (construct frame).
Option C (Rotate door, support load, grasp handle):
Rotate door (function: the hinges enable rotation).
Support load (function: the frame bears the door’s weight).
Grasp handle (activity: the action of holding the handle).Contains an activity (grasp handle).
Option D (Install screws, separate spaces, secure space):
Install screws (activity: the task of fastening screws).
Separate spaces (function: the door divides rooms).
Secure space (function: the lock protects the area).Contains an activity (install screws).
Option A (Restrict access, improve safety, transmit force) is correct, as it contains only functions, with no activities.
Option B is incorrect because “construct frame” is an activity.
Option C is incorrect because “grasp handle” is an activity.
Option D is incorrect because “install screws” is an activity.
Which function is located to the left of the left vertical line in a FAST diagram?
Basic Function
Secondary Function
Higher Order Function
Lower Order Function
The Function Analysis System Technique (FAST) diagram is 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, with the horizontal axis showing the “how-why” logic (critical path) and vertical lines called scope lines defining the study’s boundaries. According to SAVE International’s Value Methodology Standard, “the left vertical line in a FAST diagram is a scope line, and the function immediately to its right is typically the higher-order function, which represents the overarching goal or need for the system.” The functionto the leftof the left scope line is outside the study’s scope and often represents an even broader objective or external assumption that drives the higher-order function. However, in standard FAST diagramming, thehigher-order functionis the closest function to the left scope line within the scope, and functions to the left of the scope line (e.g., P in the diagram from Question 30) are external.
In the context of the VMA exam and VMF 1, the question likely tests the understanding of the higher-order function’s position relative to the scope line. As established in Question 18, Function E (just inside the left scope line B) is the higher-order function. Functions to the left of the left scope line (e.g., P) are typically external assumptions or broader objectives, but the options provided (A, B, C, D) refer to standard function classifications within the FAST framework. Thehigher-order function(C) is the most relevant choice, as it is the function closest to the left scope line within the study’s scope, and the question may be interpreted as asking for the function type associated with that position.
Option A (Basic Function) is incorrect because the basic function is typically more central on the critical path, not at the far left.
Option B (Secondary Function) is incorrect because secondary functions are vertical (supporting the critical path), not on the main path near the left scope line.
Option C (Higher Order Function) is correct, as the higher-order function is located just to the right of the left scope line (e.g., Function E), and the question may be interpreted in this context based on standard FAST conventions.
Option D (Lower Order Function) is incorrect because lower-order functions are to the right of the basic function, representing more specific outcomes, not near the left scope line.
All-the-time functions are:
Outside the study scope
A drain on resources
Continuous
Undesirable
In Value Methodology’s Function Analysis, functions are classified based on their characteristics, as taught in the VMF 1 course (Core Competency #2: Function Analysis). According to SAVE International’s Value Methodology Standard, “all-the-time functions are those that occur continuously or are always active during the operation of the system.” In a FAST diagram, all-the-time functions are often shown vertically (e.g., “when” direction) alongside the critical path, indicating they are ongoing while the main functions are performed. For example, in a car, “provide safety” (e.g., through seatbelts) is an all-the-time function because it is always active when the car is in use. This aligns with the FAST diagramming convention of showing simultaneous functions.
Option A (Outside the study scope) is incorrect because all-the-time functions are within the scope if they are part of the system’s operation, though they may be supporting functions.
Option B (A drain on resources) is incorrect because all-the-time functions are not necessarily resource-intensive; they are simply continuous.
Option C (Continuous) is correct, as it matches the definition of all-the-time functions in VM.
Option D (Undesirable) is incorrect because all-the-time functions are not inherently undesirable; they may be essential (e.g., “provide safety”).
The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?
Hypothesis, Observation, Experimentation, Conclusion
Observation, Experimentation, Hypothesis, Conclusion
Hypothesis, Experimentation, Observation, Conclusion
Observation, Hypothesis, Experimentation, Conclusion
The original Value Methodology (VM) Job Plan, developed by Lawrence D. Miles in the 1940s, was rooted in a problem-solving approach inspired by the scientific method. As outlined in the VMF 1 course (Core Competency #1: Value Methodology Overview), Miles adapted a systematic problem-solving framework to create the VM Job Plan, which later evolved into the six-phase process used today (Information, Function Analysis, Creative, Evaluation, Development, Presentation). The original problem-solving approach, as described in SAVE International’s historical documentation of VM, follows the scientific method’s four steps: Observation, Hypothesis, Experimentation, and Conclusion.
Observation: Observe the problem or system (e.g., high costs, inefficiencies) to understand the current state, aligning with the Information Phase.
Hypothesis: Form a hypothesis about how to improve value (e.g., identifying key functions or alternatives), similar to Function Analysis and Creative Phases.
Experimentation: Test the hypothesis by developing and evaluating alternatives, akin to the Evaluation and Development Phases.
Conclusion: Draw conclusions and implement solutions, corresponding to the Presentation Phase.
This order—Observation, Hypothesis, Experimentation, Conclusion—is the standard sequence of the scientific method, which Miles used as the foundation for VM’s systematic approach to problem-solving.
Option A (Hypothesis, Observation, Experimentation, Conclusion) is incorrect because observation must come first to identify the problem.
Option B (Observation, Experimentation, Hypothesis, Conclusion) is incorrect because hypothesizing should precede experimentation.
Option C (Hypothesis, Experimentation, Observation, Conclusion) is incorrect because observation must come before forming a hypothesis.
Option D (Observation, Hypothesis, Experimentation, Conclusion) is correct, as it matches the scientific method’s order, which underpins the original VM Job Plan.
Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?
Interviews
Questionnaires
Surveys
Focus panels
In Value Methodology (VM), gathering input from customers and stakeholders is a key activity, particularly during the Information Phase of the VM Job Plan, as taught in the VMF 1 course (Core Competency #3: Value Methodology Job Plan). According to SAVE International’s Value Methodology Standard, various techniques are used to collect stakeholder input, including interviews, questionnaires, surveys, and focus panels. The standard defines these as follows:
Interviews: One-on-one discussions with individual stakeholders to gather detailed insights.
Questionnaires: Written sets of questions distributed to stakeholders, typically completed individually.
Surveys: Similar to questionnaires, often distributed to a larger group, with responses collected individually.
Focus panels: Group discussions involving multiple customers and stakeholders simultaneously, designed to capture collective input and foster dialogue.
The question specifies a technique that involves capturing input “at the same time” from multiple customers and stakeholders, which aligns with the definition offocus panels. Focus panels (or focus groups) bring together diverse stakeholders in a single session to discuss needs, preferences, and concerns, allowing for real-time interaction and consensus-building, which is particularly useful in VM studies to understand project objectives and constraints.
Option A (Interviews) is incorrect because interviews are typically conducted one-on-one, not with multiple stakeholders simultaneously.
Option B (Questionnaires) is incorrect because questionnaires are completed individually, not in a group setting at the same time.
Option C (Surveys) is incorrect because surveys are also completed individually, often asynchronously, not at the same time.
Option D (Focus panels) is correct, as it involves capturing input from multiple stakeholders simultaneously in a group setting.
How many phases are in the VM Job Plan?
3
6
7
8
The Value Methodology (VM) Job Plan is a structured, systematic process central to Value Methodology, as defined in the Value Methodology Fundamentals 1 (VMF 1) course and SAVE International’s Value Methodology Standard. According to these sources, the VM Job Plan consists ofsix phases: Information, Function Analysis, Creative, Evaluation, Development, and Presentation. These phases ensure a disciplined approach to analyzing functions, generating ideas, evaluating alternatives, and presenting value-enhancing recommendations.
Information Phase: Collect and analyze data on project scope, costs, constraints, and objectives to establish a baseline for the study.
Function Analysis Phase: Identify, classify, and analyze functions (e.g., basic, secondary) using tools like the Function Analysis System Technique (FAST) to understand their purpose and relationships.
Creative Phase: Generate a broad range of ideas to improve value through brainstorming or other creative techniques, focusing on alternative ways to perform functions.
Evaluation Phase: Assess the feasibility, cost impact, and benefits of ideas using criteria like performance, quality, and alignment with project goals.
Development Phase: Refine the most promising ideas into detailed, actionable proposals, including implementation plans and cost estimates.
Presentation Phase: Communicate recommendations to stakeholders through reports, presentations, or other deliverables to gain approval and facilitate implementation.
SAVE International’s VMF 1 course, which is a prerequisite for the VMA exam, explicitly teaches these six phases as part of Core Competency #3 (Value Methodology Job Plan). The standard is consistent across SAVE International’s documentation, including the Value Methodology Standard and certification guidelines. Options A (3), C (7), and D (8) do not match the official six-phase structure of the VM Job Plan.
The Value Methodology is:
A suggestion program to improve value.
A cost reduction exercise to improve value.
A step-by-step design review to improve value.
An eight-phase process to improve value.
Value Methodology (VM), as defined by SAVE International in the Value Methodology Fundamentals 1 (VMF 1) course, is a systematic, step-by-step approach to improve the value of a project, product, or process by optimizing the function-to-cost ratio. According to SAVE International’s Value Methodology Standard, VM is described as “a systematic and structured approach for improving projects, products, and processes… to achieve the optimum balance between function, performance, quality, safety, and cost.” The VM Job Plan, a core component of VM, involves a step-by-step process (six phases: Information, Function Analysis, Creative, Evaluation, Development, and Presentation) that can be likened to a design review because it evaluates and enhances the design or process to improve value.
Option A (suggestion program) is incorrect because VM is not merely about collecting suggestions; it is a structured methodology with defined phases and tools like function analysis.
Option B (cost reduction exercise) is incorrect because VM focuses on improving value, not just reducing costs—cost reduction may occur, but only if it does not compromise essential functions.
Option C (step-by-step design review) aligns with VM’s systematic nature, as the Job Plan reviews and improves designs or processes through structured phases, making it the best fit.
Option D (eight-phase process) is incorrect because the VM Job Plan has six phases, not eight, as established in SAVE International’s standards.
The Development Phase involves which of the following steps?
Assign ideas to VM study team members
Prioritize ideas
Model the cost of ideas
Determine verb-noun combinations for ideas
The Development Phase of the Value Methodology (VM) Job Plan, as outlined in the VMF 1 course and SAVE International’s Value Methodology Standard, involves refining the most promising ideas selected during the Evaluation Phase into actionable proposals. According to VMF 1 Core Competency #3 (Value Methodology Job Plan), the Development Phase includes “developing detailed proposals for the selected alternatives, including cost estimates, implementation plans, and risk assessments to ensure feasibility.” A key step in this phase is modeling the cost of ideas to provide stakeholders with a clear understanding of the financial impact of the proposed changes, ensuring the ideas improve value (function/cost).
Option A (Assign ideas to VM study team members) is incorrect because assigning ideas occurs during the Creative or Evaluation Phase, not Development.
Option B (Prioritize ideas) is incorrect because prioritization happens in the Evaluation Phase, before Development.
Option C (Model the cost of ideas) is correct, as the Development Phase focuses on creating detailed proposals, which includes costing out the ideas to validate their value improvement potential.
Option D (Determine verb-noun combinations for ideas) is incorrect because verb-noun combinations are used in the Function Analysis Phase to define functions, not in Development.
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