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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. Which of the following actions is the most effective method for encouraging stakeholder engagement during the implementation phase?

A) Provide stakeholders with the VM study report during the implementation meeting.
B) Coordinate with the project manager to distribute information to stakeholders.
C) Use formal reports to streamline the process.
D) Assign tasks to team members before informing stakeholders.

2. Which of the following are reasons why the VM facilitator and VM study team members should participate in the Implementation Meeting?
Choose 3 answers

A) To address the level of effort required for implementation
B) To present the VM proposals
C) To address alternative VM proposals
D) To respond to technical questions about the VM proposals
E) To answer questions about the cost impact

3. The Value Methodology
Choose 2 answers.

A) Encourages multidisciplinary communication
B) Accelerates the design process
C) Maintains paradigms
D) Develops realistic budgets

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

5. Which of the following are outcomes of function framing?
Choose 2 answers.

A) Focuses on existing solutions.
B) Generates solutions based on what function must be satisfied.
C) Defines reality in a way that describes what things do and why they do them.
D) Allows maximum potential for divergent thinking.

Solutions: