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| Section | Weight | Objectives |
|---|---|---|
| Creative Techniques | 10-15% | - Lateral thinking - Idea generation methods - Synectics - Brainstorming |
| Professional Practices | 5-10% | - Ethical considerations - Team dynamics - Communication skills - Documentation requirements |
| Function Analysis | 15-20% | - Function definition (Basic/Secondary) - Function classification (Use/Esteem) - Function cost and worth - FAST diagrams |
| Evaluation and Selection | 10-15% | - Cost-performance analysis - Risk assessment - Selection criteria |
| Value Methodology Fundamentals | 20-25% | - Function analysis basics - Basic concepts and terminology - History and evolution of value methodology - Value vs. cost relationship |
| Job Plan and Process | 25-30% | - Information phase - Creative phase - Presentation phase - Evaluation phase - Implementation phase - Function analysis phase - Development phase |
1. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?
A) Function Analysis Phase
B) Creativity Phase
C) Presentation Phase
D) Evaluation Phase
2. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?
A) Surveys
B) Focus panels
C) Questionnaires
D) Interviews
3. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?
A) Discount Rate
B) Simple Payback (or Breakeven Point)
C) Present Worth (or Net Present Value)
D) Return on Investment (ROI)
4. When transforming the VM study subject's cost information, the potential for achieving major savings is:
A) Increased when the VM proposals improve performance
B) Greatest during the early phases of the project lifecycle
C) Enhanced when outputs are included in calculations
D) Improved when costs are aligned with scope increases
5. Function E is the:
A) Secondary Function
B) Required Secondary Function
C) Basic Function
D) Higher Order Function
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: D |
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