CVS CVS Value Methodology and Job Plan Questions and Answers 2

Question 1

Which VM Job Plan phase immediately precedes the Creative Phase?

Accepted Answer

Information Phase

Answer

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:

Accepted Answer

Tracks implementation of accepted recommendations and measures actual savings

Answer

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:

Accepted Answer

Solving symptoms rather than root causes of poor value

Answer

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?

Accepted Answer

6

Answer

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:

Accepted Answer

Creative Phase to target high-cost functions for improvement

Answer

Identifying functions where cost exceeds worth highlights the highest-value improvement targets for the Creative Phase brainstorming session.

CVS - Certified Value Specialist Practice Test

CVS - Certified Value Specialist Practice Test

CVS CVS Value Methodology and Job Plan Questions and Answers 2