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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

Question 1

SMART stands for

A. Standards, Measureable, Attainable, Reasonable, and Timebound.
B. Standards, Measureable, Accountable, Relevant, and Timebound.
C. Standards, Measureable, Attainable, Relevant, and Timebound.
D. Specific, Measureable, Attainable, Reasonable, and Timebound.
E. Specific, Measureable, Accountable, Relevant, and Timebound.
F. Specific, Measureable, Attainable, Relevant, and Timebound.

Question 2

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

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

Question 3

Which approaches should the VM facilitator use to encourage innovation?
Choose 2 answers.

A. Avoiding the combining and testing of new combinations
B. Maintaining current systems that work well
C. Imagining the ideal future by focusing on long-term goals for maximizing future potential
D. Exploring by discovering new possibilities using ideas from other areas and disciplines

Question 4

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

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

Question 5

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

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

Solutions: