Value Methodology (VM) is defined by SAVE International in its Value Methodology Standard as “asystematic processthat uses a structured Job Plan to improve the value of projects, products, or processes by analyzing their functions and identifying opportunities to achieve required functions at the lowest total cost without compromising quality or performance.” The term “systematic” emphasizes the methodical, disciplined approach of VM, which follows a defined sequence of phases (the VM Job Plan) and uses specific tools like Function Analysis and cost modeling to ensure consistency and effectiveness.
Option A (Structured process) is partially correct, as VM is structured, but “systematic” is the precise term used by SAVE International to describe the methodology’s comprehensive and methodical nature.
Option B (Specialized process) is incorrect because VM is a general methodology applicable across industries, not limited to a specific domain.
Option C (Systematic process) is correct, directly matching SAVE International’s definition of VM.
Option D (Sequential process) is incorrect because, while the VM Job Plan is sequential, the definition of VM focuses on its systematic nature, not just the sequence.
[:, SAVE International, “Value Methodology Standard and Body of Knowledge,” available athttps://www.value-eng.org, defining VM as a systematic process., SAVE International, “Value Methodology Associate (VMA) Certification,”https://www.value-eng.org/page/VMA, referencing VMF 1 Core Competency #1 (Value Methodology Overview)., ]
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