CVS CVS Value Methodology and Job Plan Questions and Answers 2 — Questions and Answers
Question 1: Which VM Job Plan phase immediately precedes the Creative Phase?
- Development Phase
- Evaluation Phase
- Information Phase (Correct answer)
- Presentation Phase
Correct answer: Information Phase
The Information Phase precedes the Creative Phase, ensuring the team has sufficient data before generating ideas.
Question 2: The Post-Study Phase of the VM Job Plan is important because it:
- Replaces the Development Phase for small projects
- Tracks implementation of accepted recommendations and measures actual savings (Correct answer)
- Focuses on generating new function alternatives
- Establishes the initial project budget
Correct answer: Tracks implementation of accepted recommendations and measures actual savings
The Post-Study Phase ensures accountability by monitoring whether approved VM proposals are actually implemented and delivering expected value improvements.
Question 3: A VM study that skips the Function Analysis step during the Information Phase risks:
- Generating too many ideas during brainstorming
- Solving symptoms rather than root causes of poor value (Correct answer)
- Spending too much time in the Evaluation Phase
- Missing the presentation deadline
Correct answer: Solving symptoms rather than root causes of poor value
Without Function Analysis, the team may address surface-level issues rather than the core reasons why cost or performance does not meet expectations.
Question 4: According to SAVE International standards, how many primary phases does the VM Job Plan contain?
- 3
- 5
- 6 (Correct answer)
- 8
Correct answer: 6
SAVE International defines six phases: Information, Function Analysis, Creative, Evaluation, Development, and Presentation.
Question 5: During a VM workshop, the team discovers a function costs significantly more than its worth. This finding is most useful in the:
- Creative Phase to target high-cost functions for improvement (Correct answer)
- Presentation Phase to justify project closure
- Evaluation Phase to assign team tasks
- Post-Study Phase to verify savings
Correct answer: Creative Phase to target high-cost functions for improvement
Identifying functions where cost exceeds worth highlights the highest-value improvement targets for the Creative Phase brainstorming session.
Question 6: What is the role of a value study facilitator during the Information Phase?
- To make final decisions on project scope
- To ensure all relevant data is collected and the team understands project functions (Correct answer)
- To evaluate ideas generated by the team
- To draft implementation contracts
Correct answer: To ensure all relevant data is collected and the team understands project functions
The facilitator guides the team in systematically gathering cost, performance, and function data needed to support the entire VM study.
CVS CVS Value Methodology and Job Plan Questions and Answers 2
Which VM Job Plan phase immediately precedes the Creative Phase?