CVS Exam Dumps - SAVE International Value Methodology Questions and Answers

Location 1 — Improve vision

Location 2 — Correct vision

Location 3 — Position lenses

Location 4 — Select eyeglasses and Select contact lenses

The correct sequence is Improve vision → Correct vision → Position lenses and Secure lenses → Select eyeglasses and Select contact lenses . In a FAST diagram, the “How” direction moves from the broader purpose toward the more specific means of accomplishing that purpose. SAVE defines FAST as the Function Analysis System Technique, a diagrammatic representation of the HOW-WHY logic of functions and their interrelationships. It also defines the function logic path as the functions connected to each other in that HOW-WHY logic direction.

Improve vision is the higher-order purpose. Asking “How do we improve vision?” leads to Correct vision , which is the basic function of prescription eyeglasses. Asking “How do we correct vision?” leads to Position lenses and Secure lenses , because the corrective lenses must be properly located and held relative to the eyes. Asking “How do we accomplish that solution approach?” leads to Select eyeglasses and Select contact lenses , representing the lower-order choice of a corrective device or method.

The distractors are secondary/supporting functions. Secure position , Resist damage , and Complement appearance may support performance, durability, or user acceptance, but they are not the primary “How” logic path for correcting vision.

References/topics: Function Analysis Phase; FAST Diagram; HOW-WHY Logic; Function Logic Path; Higher-Order Function; Basic Function; Lower-Order Function.

The correct answers are A. Cost and D. Innovation . In the CVS®/Value Methodology program-management context, a balanced scorecard is used to measure organizational or program performance from more than one viewpoint, rather than judging success only by a single financial result. The traditional balanced scorecard framework includes financial, customer, internal process, and innovation/learning perspectives. Kaplan and Norton’s original balanced scorecard concept includes an innovation and learning perspective, which makes Innovation a direct match. ( Harvard Business Review )

Cost is also acceptable because it represents the financial perspective of the scorecard. Financial measures commonly include cost, profit, expense control, return, and other resource-based measures. ACCA explains the financial perspective as measuring traditional financial performance, including costs and related financial indicators. ( ACCA Global )

Design is incorrect because it is a technical or product-development activity, not a balanced scorecard perspective. Marketing is also incorrect because it may support customer strategy, but the actual scorecard perspective is normally called the customer perspective , not marketing. Therefore, the best two answers from the given options are Cost and Innovation .

References/topics: VM Programs; Balanced Scorecard; Financial/Cost Perspective; Innovation and Learning Perspective; Program Performance Measurement.

The correct matches are FAST Diagram = Describes the purpose of the study subject and Flowchart = Describes the activities of the study subject . In Value Methodology, a FAST diagram is not an activity map. It is a function model. SAVE’s Study Guide defines a function as the original intent or purpose that a product, service, or process is expected to perform, expressed in active verb/measurable noun form. It also defines FAST as a graphical representation of dependent relationships between functions within a project. Therefore, FAST is used to understand the functional purpose and how functions logically relate through “how/why” thinking.

A flowchart is different. It represents process flow: the sequence of activities, steps, or operations used by the study subject. SAVE’s glossary defines a process as a sequence of activities that delivers a product or project. That aligns directly with the option “Describes the activities of the study subject.”

“Identifies flaws” is too narrow; defects may be discovered during analysis, but that is not the defining purpose of either tool. “Prioritizes activities” is also incorrect because prioritization normally belongs to evaluation or decision methods, not basic FAST or flowchart definition.

References/topics: Function Analysis Phase; FAST Diagramming; Function Modeling; Process Flowchart; How-Why Logic.

The correct answers are A. Next update, D. Tracking identification number, and E. Performance impacts . In the Implementation Phase, accepted VM proposals must be tracked so that the organization can confirm whether the approved value improvement is actually being carried into execution. The VM Guide explains that implementation status reports formally document and track the status of VM proposals and are used by VM program managers to follow implementation progress. It specifically identifies a tracking identification number as the code used to track the change within the organization, and it also requires discussion of performance impacts , including any deviation from the VM team’s original performance assessment. ( pdfcoffee.com )

A next update is also appropriate because implementation status reporting is not a one-time record; it is a continuing control mechanism. The guide identifies “Next update” as the date of the next implementation status update. ( pdfcoffee.com )

Option C is incorrect because the VM study presentation is an input used earlier to resolve proposals, not a documented element of an accepted proposal status report. Option B is administrative and may appear in some organizations, but the essential accepted-proposal tracking content focuses on traceability, implementation follow-up, and validated impacts.

References/topics: Implementation Phase; Implementation Status Reports; Accepted VM Proposals; Tracking Identification Number; Performance Impacts; Next Update.

The correct answers are A and D . In the Creativity Phase, the VM team deliberately moves beyond the current design, process, or solution and generates alternative ways to perform the required functions. SAVE’s Value Methodology Standard defines the Creative Phase as the point where the team uses creative techniques to identify other ways to perform the project’s functions .

Envisioning the ideal promotes innovation because it removes premature constraints and helps the team imagine the best functional outcome before judging feasibility, cost, or implementation difficulty. This supports divergent thinking, which is essential during Creativity. Modifying what currently exists also promotes innovation because many value-improving ideas are produced by adapting, improving, simplifying, combining, or changing an existing concept rather than inventing a completely new one.

By contrast, maintaining existing solutions does not promote innovation because it preserves the current approach and limits alternative thinking. Testing old combinations is also not the best answer because the Creativity Phase is focused on generating possibilities, not testing or validating them. Testing, screening, and ranking belong more naturally in the Evaluation Phase.

References/topics: Creativity Phase; Creative Thinking; Alternative Generation; Function-Based Innovation; VM Job Plan.