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CVS Certified Value Specialist Question and Answers

Question # 4

Which of the following are key elements of a risk register?

Choose 2 answers.

A.

Performance criteria

B.

Probability of occurrence

C.

Function of the risk

D.

Impact on the scope

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Question # 5

A function performance specification:

Choose 3 answers.

A.

accurately identifies requirements specific to functions.

B.

puts parameters on VM team options.

C.

defines constraints on designers.

D.

communicates customer performance wants and needs.

E.

assists in uncovering hidden assumptions.

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Question # 6

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 # 7

Which of the following indicates the need to train managers, team members, or decision-makers in the Value Methodology?

Choose 3 answers.

A.

Poor results

B.

Reluctance to participate in a value study

C.

Lack of technical expertise

D.

Lack of management support

E.

Lack of funding

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Question # 8

A small group within the VM team is sitting silently and won’t engage. What should the VM facilitator do?

A.

Ask the group to leave

B.

Open discussions with the group

C.

Ignore potential threats to the group

D.

Engage the other VM team members

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Question # 9

In VM, the basic function of a product, project, or process answers which question?

A.

What must it do?

B.

What does it cost?

C.

Who designed it?

D.

How quickly can it be procured?

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Question # 10

The Value Methodology

Choose 2 answers.

A.

Encourages multidisciplinary communication

B.

Accelerates the design process

C.

Maintains paradigms

D.

Develops realistic budgets

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Question # 11

Which activities promote innovation by the VM team during the Creativity Phase?

Choose 2 answers.

A.

Envisioning the ideal

B.

Maintaining existing solutions

C.

Testing old combinations

D.

Modifying what currently exists

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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.

A.

Marketing

B.

Maintenance

C.

Production

D.

Human resources

E.

Engineering

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Question # 13

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 # 14

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 # 15

Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?

Choose 3 answers.

A.

Implementation costs

B.

Responsibility

C.

Schedule

D.

VM Team involvement

E.

New Proposals

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Question # 16

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

A.

Total costs

B.

Life-cycle costs

C.

Incremental unit costs

D.

Annualized costs

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Question # 17

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

A.

Minimize weight

B.

Secure position

C.

Improve durability

D.

Align focus

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Question # 18

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 # 19

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 # 20

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 # 21

The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan

A.

requires less information on a subject than the scientific method.

B.

focuses on what a subject does.

C.

requires less analysis than the scientific method.

D.

analyzes a problem and develops a hypothesis.

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Question # 22

When is the most appropriate time to acquire information from the customer?

A.

As the VM study is beginning

B.

During the final presentation

C.

Before the VM study begins

D.

During conceptual development

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Question # 23

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 # 24

Innovation styles, also known as creativity types, include

A.

Visioning, modifying, and experimenting

B.

Exploring, adapting, and brainstorming

C.

Factfinding, brainstorming, and transforming

D.

Analyzing, testing, and illustrating

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Question # 25

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

Choose 2 answers.

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.”

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Question # 26

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

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

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Question # 27

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 # 28

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 # 29

Which of the following strategies should be employed to enhance the VM study presentation?

Choose 2 answers.

A.

Include a summary of key points to reinforce the message.

B.

Design the presentation in a complex format.

C.

Utilize visuals such as charts and graphs.

D.

Provide handouts with detailed technical specifications.

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Question # 30

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 # 31

Which of the following are important to the success of the Presentation Phase?

Choose 3 answers.

A.

Tailoring the material presented based on participants

B.

Presenting each idea developed

C.

Timing of the VM results presentation

D.

Level of development of the VM proposal write-ups

E.

Having the right individuals available to participate

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Question # 32

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?

A.

$30,000

B.

$32,500

C.

$33,000

D.

$36,000

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Question # 33

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?

A.

0.67

B.

1.00

C.

1.50

D.

2.00

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Question # 34

Which creativity method is based on the consideration of the overall problem and brainstorming by function?

A.

Intuitive Creativity Method

B.

Ideation Creative Method

C.

Discursive Creativity Method

D.

Empirical Creativity Method

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Question # 35

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 # 36

What are key factors that cause VM programs to fail?

Choose 2 answers.

A.

Locating the VM program within a department in the organization

B.

An undefined implementation and change management process

C.

Management support

D.

Tracking VM study results

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Question # 37

The project manager resists implementing the change approved by the decision-makers. What should the VM facilitator do?

Choose 2 answers.

A.

Document resistance to the decision makers.

B.

Identify additional information needed.

C.

Identify potential threats to implementation.

D.

Reassess the VM proposal.

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Question # 38

What tool could the VM study team use to show customer satisfaction?

A.

Quality function deployment

B.

Quality management plan

C.

Customer FAST

D.

Resource model

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Question # 39

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.

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

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Question # 40

What should the VM facilitator consider for the presentation format?

Choose 2 answers

A.

Presentation environment and location

B.

Who should present VM proposals

C.

The technical experience of the audience

D.

The type of PowerPoint presentation

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Question # 41

Projects generally begin with basic assumptions. These can become criteria or “requirements.” What should the VM study team do with these assumptions?

Choose 2 answers.

A.

Challenge them with facts

B.

Replace them

C.

Accept them as facts

D.

Verify them

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Question # 42

The left project scope line is located between the

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

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Question # 43

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 # 44

A VM study team member determined that the VM proposal will not meet the goals of the study subject. What should the VM facilitator do?

Choose 2 answers.

A.

Document the reasons for not meeting the goals.

B.

Review the results with the stakeholders.

C.

Have the VM team member complete the VM proposal.

D.

Disregard the VM proposal.

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Question # 45

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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