CVS Idea Evaluation and Selection Methods

Question 1

In a weighted evaluation matrix used during the VM Evaluation Phase, what is the primary purpose of assigning weights to evaluation criteria?

Accepted Answer

To reflect the relative importance of each criterion to the project's value objectives

Answer

To eliminate ideas that do not meet minimum cost thresholds

Answer

To ensure all team members contribute an equal number of scores

Answer

To rank ideas alphabetically before scoring

Question 2

In a paired comparison analysis, how many comparisons are required to rank 5 ideas?

Accepted Answer

10

Answer

5

Answer

8

Answer

15

Question 3

Which of the following best describes the Kepner-Tregoe (KT) decision analysis approach when applied to VM idea evaluation?

Accepted Answer

It separates MUST criteria from WANT criteria, eliminating ideas that fail any MUST before scoring WANTS

Answer

It ranks ideas solely by estimated cost savings in descending order

Answer

It assigns equal weight to all criteria and averages team scores

Answer

It uses Pareto analysis to select only the top 20% of ideas automatically

Question 4

During the VM Evaluation Phase, a team scores 12 creative ideas against 4 weighted criteria. Which outcome BEST justifies advancing an idea to the Development Phase?

Accepted Answer

The idea received the highest weighted score AND does not violate any project constraints

Answer

The idea was suggested by the most senior stakeholder

Answer

The idea has the lowest implementation cost regardless of value impact

Answer

The idea was generated first during the creativity phase

Question 5

What is the recommended minimum number of ideas a VM team should evaluate before narrowing down to Development Phase candidates?

Accepted Answer

All ideas generated, regardless of quantity

Answer

3–5 ideas

Answer

Only ideas pre-screened by the facilitator

Answer

Ideas costing less than 10% of the baseline

Question 6

A VM team is evaluating 8 ideas but two team members have a strong bias toward one idea. Which evaluation technique MOST effectively mitigates this bias?

Accepted Answer

Using anonymous individual scoring followed by group discussion of score divergence

Answer

Allowing the facilitator to cast a tie-breaking vote

Answer

Removing the two biased members from the evaluation session

Answer

Limiting the evaluation to three criteria to speed consensus