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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. What is the most appropriate description of the Information Phase?

A) Confirm timing of Job Plan phases with the customer
B) Make sure management agrees with the topic being studied
C) Collect and restructure data to support the function analysis phase
D) Gather, organize, review, and transform data collected

2. Pareto's law of distribution can be applied to
Choose 4 answers.

A) standards.
B) quality.
C) costs.
D) performance.
E) risk.
F) time.

3. A VM study team member determined that the VM proposal will not meet the goals of the study subject.
What should the VM facilitator do?
Choose 2 answers.

A) Review the results with the stakeholders.
B) Have the VM team member complete the VM proposal.
C) Document the reasons for not meeting the goals.
D) Disregard the VM proposal.

4. Who typically relates value directly to the functions they are trying to acquire?

A) Decision makers
B) Users
C) Design team
D) Customers

5. A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?

A) 1.00
B) 1.50
C) 2.00
D) 0.67

Solutions: