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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

Question 1

Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?

A. Annualized costs
B. Life-cycle costs
C. Total costs
D. Incremental unit costs

Question 2

Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?

A. Recommended alternatives, list of information reviewed, and function analysis
B. Recommended alternatives, stakeholder survey, and a list of prioritized functions
C. Executive summary, list of information reviewed, a FAST flow chart, and VM presentation
D. Cover page, table of contents, executive summary, and planning documents

Question 3

What is the correct order for the management of change stages?

A. Shock, defensive retreat, acknowledgement, adaptation to change
B. Defensive retreat, shock, acknowledgement, adaptation to change
C. Adaptation to change, acknowledgement, defensive retreat, shock
D. Acknowledgement, shock, defensive retreat, adaptation to change

Question 4

Which of the following are specific VM facilitator tasks to be completed prior to the VM study workshop?
Choose 2 answers.

A. Developing a high-level agenda to review with the client and obtaining approval
B. Identifying functions for the VM Team's consideration
C. Compile information gathered for the Information Phase
D. Preparing a draft of the Implementation Phase

Question 5

Which of the following indicates the need to train managers, team members, or decision-makers in the Value Methodology?
Choose 3 answers.

A. Reluctance to participate in a value study
B. Poor results
C. Lack of funding
D. Lack of management support
E. Lack of technical expertise

Solutions: