Task 1 Apply Value Management in Sustainable Project Delivery CSPP Practice Questions (Page 7)

Questions 31–35

1. 31application · medium

   A hospital is planning a new wing and wants to apply value management. The hospital's mission emphasizes patient care and community health. The local government has offered a grant if the building achieves a certain green building certification. The project manager needs to identify value drivers. Which of the following should be the primary value drivers?

   • AUsing the latest medical technology and attracting top doctors.
   • BReducing operating costs and increasing revenue from private patients.
   • CPatient comfort, energy efficiency, and community health outcomes.
   • DMaximizing the number of patient beds and minimizing construction time.
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2. 32expert · hard

   A company is developing a new product and wants to apply value management. The product must be affordable for low-income consumers, use sustainable materials, and be profitable for the company. The value management team is identifying value drivers. Which set of value drivers best represents the triple bottom line for this project?

   • AAffordability for consumers, use of sustainable materials, and a viable profit margin for the company.
   • BUse of recycled materials, low energy consumption in production, and minimal packaging.
   • CLow production cost, high profit margin, and fast time-to-market.
   • DConsumer satisfaction, brand reputation, and market share.
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4. 33application · medium

   A city is planning to upgrade its public lighting system to reduce energy consumption. The value management team is generating alternatives. Which of the following is the best approach to generate a broad range of alternatives?

   • AUse only alternatives that have been used in other cities, to reduce risk.
   • BBrainstorm a wide range of options, including LED retrofits, solar-powered lights, smart controls, and different lighting levels for different zones.
   • CSelect the cheapest option from a vendor catalog.
   • DFocus only on LED retrofits, as they are the most proven technology.
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5. 34expert · hard

   A global corporation is planning a new manufacturing facility in a region with strict environmental regulations and a diverse set of stakeholders, including local communities, NGOs, and government agencies. The project has a tight schedule and a limited budget for value management activities. The project manager must determine the appropriate value management process. Which approach is most appropriate?

   • AUse a streamlined value management process that focuses on regulatory compliance and key stakeholder concerns, with targeted workshops.
   • BSkip value management because the regulatory requirements already define the project scope.
   • CConduct value management only with the government agencies, as they are the most influential stakeholders.
   • DConduct a full, formal value management study with multiple workshops and extensive stakeholder engagement, even if it extends the schedule.
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6. 35foundation · easy

   Which of the following is an appropriate method for evaluating alternatives in a sustainable project?

   • AMulti-criteria decision analysis
   • BVoting by the project team
   • CChoosing the cheapest option
   • DRandom selection
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