CVS Implementation Planning and Follow-up

Question 1

According to SAVE International's VM Job Plan, what is the PRIMARY deliverable of the Development Phase?

Accepted Answer

A fully developed alternative proposal including technical backup, cost estimates, and implementation plan

Answer

A ranked list of all creative ideas generated during brainstorming

Answer

A FAST diagram updated to reflect the preferred alternative

Answer

A life cycle cost comparison of at least five competing designs

Question 2

Which element is MOST critical to include in a VM Proposal Summary to maximize the likelihood of implementation approval?

Accepted Answer

A clear before-and-after comparison of function performance and cost impact

Answer

The facilitator's professional biography

Answer

A list of all ideas that were rejected during evaluation

Answer

The number of brainstorming ideas generated by each team member

Question 3

After a VM study concludes, what is the purpose of a formal follow-up review conducted 6–12 months later?

Accepted Answer

To verify which approved proposals were actually implemented and quantify realized savings

Answer

To generate new FAST diagrams for the next project phase

Answer

To reassign team members to different functional roles

Answer

To update the VM Job Plan template for future studies

Question 4

A VM team has developed three strong proposals, but the project owner is resistant to change. Which presentation strategy is MOST aligned with VM best practices?

Accepted Answer

Engage the project owner during the Presentation Phase with data-driven cost/worth comparisons and involve them in evaluating trade-offs

Answer

Present only the proposal with the highest cost savings to avoid overwhelming the owner

Answer

Submit proposals in writing only and avoid any live discussion

Answer

Defer all proposals until the next project phase to reduce conflict

Question 5

In a VM implementation plan, what does an 'action register' track?

Accepted Answer

Each approved proposal with responsible party, action steps, and target completion date

Answer

The sequence of FAST diagram nodes in priority order

Answer

The hourly cost of each VM team member during the workshop

Answer

The functional worth of each basic function identified

Question 6

Which metric BEST measures the return on investment (ROI) of a completed VM study?

Accepted Answer

Ratio of implemented savings to total VM study cost

Answer

Number of ideas generated during the Creative Phase

Answer

Number of FAST diagrams produced

Answer

Duration of the VM workshop in days