CVS CVS Value Methodology and Job Plan Questions and Answers

Question 1

What is the primary purpose of the Value Methodology (VM) Job Plan?

Accepted Answer

To provide a structured, systematic approach to improving value in a project or process

Answer

The VM Job Plan provides a disciplined, multi-phase framework that guides teams through analysis and improvement of project value.

Question 2

Which phase of the VM Job Plan is dedicated to generating creative alternatives?

Accepted Answer

Creative Phase

Answer

The Creative Phase encourages divergent thinking where team members generate a large number of ideas without judgment.

Question 3

During the Information Phase of the VM Job Plan, the primary goal is to:

Accepted Answer

Understand functions and gather cost/worth data

Answer

The Information Phase focuses on collecting relevant facts, establishing functions, and determining cost versus worth relationships.

Question 4

The Evaluation Phase of the VM Job Plan is used to:

Accepted Answer

Rank and filter creative ideas based on value potential

Answer

During Evaluation, ideas from the Creative Phase are assessed for feasibility, cost impact, and value improvement potential.

Question 5

What distinguishes the Development Phase from other phases in the VM Job Plan?

Accepted Answer

It converts promising alternatives into detailed proposals with cost-benefit analysis

Answer

The Development Phase transforms selected ideas into fully documented alternatives, including technical analysis and implementation plans.

CVS - Certified Value Specialist Practice Test