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The newest practice materials

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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?

A) 1.00
B) 0.67
C) 1.50
D) 2.00

2. What is the expected output or deliverable of the Information Phase?

A) Definition of study subject functions
B) Thorough understanding of the study subject
C) Identification of value improvement opportunities
D) Recommended value improvement proposals

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

4. Which of the following are typically included in a VM study report?
Choose 3 answers.

A) VM presentation developed during the Presentation Phase
B) Design plans and specifications
C) Workshop agenda and list of VM team members
D) Summary of the VM Job Plan
E) List of all the ideas generated and their evaluation

5. When selecting VM study team members, which of the following are preferable?
Choose 2 answers.

A) Closed-mindedness
B) Availability to attend
C) Expertise in their field
D) Promoting their ideas

Solutions: