WorksheetsVM Mid Sem Quiz 202020211
Total questions: 20
Worksheet time: 40mins
Which terminology is NOT related to Value Management?
Value Analysis
Value Planning
Life-Cycle Cost Analysis
Cost Transition
Who is the first person introduced the Value Management approach?
Lawrence Miles
Dani Miles
Larry Miles
Stephen Male
Which term is NOT associated with the basic principles of Value Management
Multidisciplinary
Cost Comparison
Function Analysis
Structured
Which stakeholders are LESS relevant to the Value Management team/participants?
End User
Consultant
Facilitator
Auctioner
The value can be breaks down into a balance between three construct, EXCLUDING;
Performance
Maintenance
Expectation
Resources
Which of the construct is NOT form the equation of value?
Worth
Incentive
Cost
Benefit
What is the best expression of "function"?
Solution
Maintenance
Performance
Cost
What is the best definition of esteem value?
The cumulative sum an owner is wiling to pay for prestige
The cumulative sum an owner is wiling to pay for performance
The cumulative sum an owner is wiling to pay for operation
The cumulative sum an owner is wiling to pay for function
The maximum benefit gained from VM application would be during the ............... stage of the development
Operation
Inception
Tender
Detail Design
Which of the following is NOT the potential benefits of VM?
Functionality
Constructability
Sustainability
Procurement
What is the best definition of a function?
The specific work that a design/item must ready
The specific work that a design/item must utilize
The specific work that a design/item must be correct
The specific work that a design/item must perform
The following are the objectives of the pre-study stage, EXCEPT:
Ensure that all parties are well coordinated
Ensure that the study are properly targeted
Ensure that there is sufficient pertinent information
Ensure the achievement of the VM
The following activities are conducted during the pre-study stage, EXCEPT?
Conduct feasibility studies
Meeting with the Local Authorities
Verifying cost estimate
Preparing the action plan
Which of the followings is NOT an activities during the post-study phase
Implementation of the recommendations
Following-up the action plan
Preparation of models and efficiency data
Preparation of the final report
Which of the following is the correct sequence of phases in the VM workshop stage
Creativity - Development
Function Analysis -Development
Creativity - Evaluation
Information - Development
Function Analysis can be carried into the following levels, EXCEPT;
Elemental
Layout
Component
Unit
Which of the following information is NOT relevant during the pre-study stage of VM?
Land cost
Cost plan
Access road
As Built Drawing
The functions can be categorized into?
Sell and Esteem
Esteem and Aesthetic
Work and Use
Work and Esteem
Which of the following organization responsible to oversee the implementation of VM at strategic level for government projects in Malaysia
Local Authority
Public Works Department
Economic Planning Unit
Ministry of Works
What is common and recommended duration for VM job plan?
30 hours
35 hours
40 hours
45 hours
