Last Updated: Aug 19, 2026
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| Section | Weight | Objectives |
|---|---|---|
| VM Job Plan | 40% | - Presentation Phase - Evaluation Phase - Function Analysis Phase
- Development Phase - Information Phase |
| Value Methodology Fundamentals | 20% | - Historical background and standards - Core principles and terminology - Definition, purpose and benefits of Value Methodology |
| Application and Ethics | 15% | - Application in projects, products and processes - Professional ethics and standards of practice |
| Tools and Techniques | 25% | - Team dynamics and facilitation - Decision-making and prioritization - Cost analysis and worth assessment |
1. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)
A) Determine costs
B) State the disposition of the proposal
C) Validate the proposal
D) Address technical feasibility
E) Assess time and schedule impacts
2. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?
A) Focus panels
B) Interviews
C) Surveys
D) Questionnaires
3. Which of the following is most relevant to the Evaluation Phase?
A) Return on Investment
B) Constraints
C) Weighting
D) Cost Model
4. Functions on a FAST diagram's function logic path follow:
A) How-Why logic
B) And-Or logic
C) How-When logic
D) When-Why logic
5. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?
A) Function Analysis Phase
B) Creativity Phase
C) Evaluation Phase
D) Presentation Phase
Solutions:
| Question # 1 Answer: A,D,E | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |
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