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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan

A) requires less information on a subject than the scientific method.
B) focuses on what a subject does.
C) analyzes a problem and develops a hypothesis.
D) requires less analysis than the scientific method.

2. Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject's impact?
Choose 2 answers

A) Define key performance indicators that align with subject objectives.
B) Set baseline criteria for measurement against future outcomes.
C) Review the project's budget to assess financial efficiency.
D) Conduct a one-time survey to gather staff opinions.

3. Which of the following are fine filter actions a VM study team can take to evaluate ideas?
Choose 2 answers.

A) Align each idea with the subject study goals.
B) Gather team feedback on all ideas without discussion.
C) Rank the ideas based on estimated costs.
D) Conduct a SWOT analysis for each idea.

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

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

5. In a function, the noun can be:

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

Solutions: