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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. Place the steps of the Random Function Identification Technique in the correct order.

2. During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?

A) Conduct regular audits of project documents to confirm all data entries are accurate and compliant with company standards.
B) Develop a training manual for new employees on how to use the project management system, but do not include tracking procedures.
C) Implement a weekly status update meeting where project milestones are discussed, but focus solely on outcomes without auditing the processes used.
D) Only review audit logs at the end of the project to assess compliance and make necessary adjustments for future projects.

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

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

4. After reviewing the VM study results, the decision-makers take no action. What strategies could the VM facilitator use to engage the group?
Choose 2 answers.

A) Provide only the necessary information with respect to the change.
B) Discuss allocating time and resources to implement the change.
C) Build a support network by developing a detailed Implementation Plan.
D) Maintain involvement at lower level of management.

5. In a function, the noun can be:

A) quantitative or qualitative.
B) descriptive or superficial.
C) objective or subjective.
D) informative or hypothetical.

Solutions: