Last Updated: Oct 06, 2026
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| Section | Weight | Objectives |
|---|---|---|
| VM Job Plan | 40% | - Information Phase - Function Analysis Phase
- Development Phase - Presentation Phase - Evaluation Phase |
| Application and Ethics | 15% | - Professional ethics and standards of practice - Application in projects, products and processes |
| Value Methodology Fundamentals | 20% | - Historical background and standards - Core principles and terminology - Definition, purpose and benefits of Value Methodology |
| Tools and Techniques | 25% | - Decision-making and prioritization - Cost analysis and worth assessment - Team dynamics and facilitation |
The primary objective of the Information phase is to:
Correct Answer: A 🗳️
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Which phase of the VM Job Plan is considered the heart of the Value Methodology?
Correct Answer: A 🗳️
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Identify which are key data used to transform information for a product value study:
Correct Answer: B 🗳️
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If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:
Correct Answer: A 🗳️
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Which of the following functions is a Subject Objective?
Correct Answer: A 🗳️
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