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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?

A) The subject design is complete, but there is concern the project will not deliver an ROI.
B) The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.
C) The subject is similar to a previous project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.
D) The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.

2. At a VM study implementation meeting the VM facilitator is asked to make a five-minute presentation. The presentation should

A) highlight the strengths of each VM team member.
B) explain how the Value Methodology works.
C) focus on the VM study job plan.
D) demonstrate that the VM team understood objectives of the VM study.

3. During the Presentation Phase, the team leader should primarily do which of the following?

A) Document and communicate developed alternatives and value improvement opportunities
B) Begin random function identification
C) Generate all possible alternatives without evaluation
D) Replace the owner's decision-making authority

4. Projects generally begin with basic assumptions. These can become criteria or "requirements." What should the VM study team do with these assumptions?
Choose 2 answers.

A) Accept them as facts
B) Verify them
C) Challenge them with facts
D) Replace them

5. Which of the following are the purposes of function analysis?
Choose 4 answers.

A) Communicate ideas
B) Create opportunities
C) Identify opportunities
D) Stimulate communication
E) Change viewpoints
F) Expand knowledge

Solutions: