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SAVE International Certified Value Specialist Sample Questions:

1. How should the VM facilitator handle "conditionally accepted" VM proposals?
Choose 2 answers.

A) Identify modifications required for acceptance.
B) List deficiencies of the VM proposal.
C) List the VM proposal as accepted.
D) Ask decision makers for timing of the final decision.

2. A well-managed VM program will include a process
Choose 2 answers.

A) to guarantee a return on investment from each VM study.
B) for selecting subjects for VM studies.
C) that requires a VM study on each subject.
D) for identifying when a VM study should be applied to a subject.

3. When a higher discount rate is used to calculate life cycle costs, which change occurs to the value of money over time?

A) The discount rate is not needed.
B) There is no change.
C) The life cycle cost is increased.
D) The life cycle cost is reduced.

4. 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) Review the project's budget to assess financial efficiency.
C) Conduct a one-time survey to gather staff opinions.
D) Set baseline criteria for measurement against future outcomes.

5. At a VM study implementation meeting the VM facilitator is asked to make a five-minute presentation. The presentation should

A) highlight the strengths of each VM team member.
B) focus on the VM study job plan.
C) explain how the Value Methodology works.
D) demonstrate that the VM team understood objectives of the VM study.

Solutions: