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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following are the outputs of the Presentation Phase?
Choose 2 answers.

A) The VM study report
B) List of VM proposals and results
C) List of participants
D) Schedule the VM presentation

2. A team wants to skip Function Analysis because the design solution already appears obvious. What is the best CVS-level response?

A) Replace Function Analysis with procurement benchmarking only
B) Perform Function Analysis because it is essential to a valid VM study
C) Agree, because Function Analysis is optional when experts are present
D) Skip directly to Development to save time

3. Which statement best describes the Implementation Phase?

A) It converts accepted value proposals into executed changes and tracks results
B) It is where all unselected ideas are formally approved
C) It is identical to the Creativity Phase
D) It occurs before the Information Phase to collect user attitudes

4. What are key factors that cause VM programs to fail?
Choose 2 answers.

A) Tracking VM study results
B) An undefined implementation and change management process
C) Locating the VM program within a department in the organization
D) Management support

5. Which of the following actions would be appropriate for transforming your subject's information into a useful work breakdown structure?
Choose 2 answers.

A) Break down the project into defined elements.
B) Focus on cost estimates instead of deliverables.
C) Identify major milestones and decompose them into manageable elements.
D) List all activities in chronological order without grouping by deliverables.

Solutions: