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

2. How should the VM facilitator handle "conditionally accepted" VM proposals?
Choose 2 answers.

A) List deficiencies of the VM proposal.
B) Ask decision makers for timing of the final decision.
C) List the VM proposal as accepted.
D) Identify modifications required for acceptance.

3. In VM, the basic function of a product, project, or process answers which question?

A) What does it cost?
B) Who designed it?
C) What must it do?
D) How quickly can it be procured?

4. What should the VM facilitator primarily consider when guiding discussion on which VM proposals to present when time is limited?
Choose 2 answers.

A) The relative risk of each proposal
B) Proposals that provide the greatest benefit
C) Easily implemented proposals
D) Proposals with low-cost impact

5. Which of the following strategies should be employed to enhance the VM study presentation?
Choose 2 answers.

A) Design the presentation in a complex format.
B) Include a summary of key points to reinforce the message.
C) Utilize visuals such as charts and graphs.
D) Provide handouts with detailed technical specifications.

Solutions: