Question 1

Which of the following best describes a VM study?

Options :

A : It is a structured effort using the VM process to improve value

B : Must be led by a Certified Value Specialist

C : Is undertaken after the design is completed

D : Is considered a business improvement best practice

Answer: A

Question 2

A Random Function Identification table contains:

Options :

A : Inputs, objectives, and sequence

B : Costs, time, and risks

C : Elements, functions, and classifications

D : Components, resources, and criteria

Answer: C

Question 3

In which phases of the VM Job Plan does the VM study team use convergent thinking?

Options :

A : Creativity, Evaluation, Development

B : Information, Function Analysis, Creativity

C : Evaluation, Development, Presentation

D : Function Analysis, Creativity, Evaluation

Answer: C

Question 4

How many phases are in the VM Job Plan?

Options :

A : 3

B : 6

C : 7

D : 8

Answer: B

Question 5

An effective Information Phase kickoff meeting:

Options :

A : Discusses the challenges of the proposed VM study approach.

B : Outlines goals for the study subject and VM study objectives.

C : Indicates the VM solutions desired by decision makers.

D : Describes how functions have normally been accomplished.

Answer: B

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