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SAVE International Certified Value Specialist Sample Questions:

1. Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometer per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
What is the annual cost for Car C for the service life of the vehicle?

A) $36,000
B) $216,000
C) $198,000
D) $18,000

2. Which of the following are key elements of a risk register?
Choose 2 answers.

A) Function of the risk
B) Performance criteria
C) Impact on the scope
D) Probability of occurrence

3. A team wants to skip Function Analysis because the design solution already appears obvious. What is the best CVS-level response?

A) Agree, because Function Analysis is optional when experts are present
B) Replace Function Analysis with procurement benchmarking only
C) Perform Function Analysis because it is essential to a valid VM study
D) Skip directly to Development to save time

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

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

5. The project team expresses uncertainty about how their tasks align with the overall objectives of the VM Job Plan. What steps should the VM facilitator take to enhance understanding of the VM Job Plan?
Choose 2 answers.

A) Encourage a collaborative environment by pairing project and VM team members for more in-depth discussions of each other's roles.
B) Facilitate a discussion to improve their understanding of how their tasks contribute to the VM Job Plan.
C) Establish a deadline for project members to complete their preparation.
D) Present the VM Job Plan in detail with minimal interaction, allowing team members to ask questions at the end.

Solutions: