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SAVE International CVS Exam Syllabus Topics:

SectionWeightObjectives
Value Methodology Principles and Concepts25%- Value index, function and cost relationship
- Definition and core concepts of Value
- Origins, development and application scope of Value Methodology
Tools and Techniques20%- Creative thinking and idea generation methods
- Cost analysis and worth assessment
- Function analysis system technique (FAST)
- Decision-making and evaluation tools
Leadership and Facilitation15%- Workshop facilitation skills
- Stakeholder management and communication
- Leading value study teams
Standards, Ethics and Application10%- SAVE International standards and guidelines
- Professional ethics and responsibilities
- Application in different industries and sectors
Value Methodology Job Plan30%- Information phase
- Presentation and implementation phase
- Preparation phase
- Creative phase
- Development phase
- Evaluation phase
- Function analysis phase

SAVE International Certified Value Specialist Sample Questions:

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

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


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

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


3. Which of the following are appropriate techniques to achieve the expected output of the Evaluation Phase?

A) Coarse, medium, and fine filters
B) Weighted evaluation technique
C) Blast-create-refine method
D) Forced relationships method


4. A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?

A) The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.
B) The subject is similar to a previous project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.
C) The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.
D) The subject design is complete, but there is concern the project will not deliver an ROI.


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

A) Using technical language
B) Status of the VM study subject
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


Solutions:

Question # 1
Answer: B
Question # 2
Answer: A,D
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: B,C,E

11 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)

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