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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?
Choose 3 answers.

A) Schedule
B) VM Team involvement
C) Implementation costs
D) New Proposals
E) Responsibility


2. Which behavior best reflects the proper role of a VM facilitator?

A) Directing the team to select the facilitator's preferred technical solution
B) Eliminating stakeholder disagreement before function analysis begins
C) Remaining substantively neutral while guiding the team through the Job Plan
D) Acting as the owner's cost estimator only


3. Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject's impact?
Choose 2 answers

A) Set baseline criteria for measurement against future outcomes.
B) Define key performance indicators that align with subject objectives.
C) Review the project's budget to assess financial efficiency.
D) Conduct a one-time survey to gather staff opinions.


4. Which of the following should be considered when preparing the VM study report?
Choose 3 answers.

A) Creating a document for those not involved in the VM study
B) Identifying non-study focus groups
C) Status of the VM study subject
D) Focusing on the typical audience of stakeholders and project managers
E) Using technical language


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

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


Solutions:

Question # 1
Answer: A,C,E
Question # 2
Answer: C
Question # 3
Answer: A,B
Question # 4
Answer: A,C,D
Question # 5
Answer: B

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