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| Section | Objectives |
|---|---|
| Value Methodology Fundamentals | - VM Job Plan Basics
|
| Value Engineering Principles | - Evaluation and Selection
|
| Financial and Analytical Tools | - Cost Analysis Methods
|
1. How many phases are in the VM Job Plan?
A) 6
B) 8
C) 7
D) 3
2. Which function is located to the left of the left vertical line in a FAST diagram?
A) Lower Order Function
B) Secondary Function
C) Higher Order Function
D) Basic Function
3. Y is pointing to the
A) Critical Logic Path
B) Minor Logic Path
C) "OR" Gate
D) "AND" Gate
4. Which of the following best defines an activity?
A) A specific task, action, or operation that is generic and changes viewpoints
B) A task, action, or operation that describes how a function is performed
C) A specific task, action, or operation with a high level of abstraction
D) A task, action, or operation that describes why a function is performed
5. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?
A) Exploit
B) Enhance
C) Share
D) Mitigate
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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