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SAVE International Certified Value Specialist Sample Questions:

1. Some stakeholders disagree with their level of involvement in the VM study scope. What tool could the VM facilitator use to focus the group?

A) RACI matrix
B) Paired comparison
C) Work breakdown structure
D) SWOT analysis

2. 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 project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.
B) The subject design is complete, but there is concern the project will not deliver an ROI.
C) The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.
D) The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.

3. A function performance specification:
Choose 3 answers.

A) assists in uncovering hidden assumptions.
B) accurately identifies requirements specific to functions.
C) defines constraints on designers.
D) communicates customer performance wants and needs.
E) puts parameters on VM team options.

4. What is the role of the VM facilitator during the Development Phase?
Choose 2 answers.

A) Rewrite VM proposals
B) Prepare VM proposals
C) Research VM proposal background
D) Review VM proposals

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

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

Solutions: