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SAVE International Certified Value Specialist Sample Questions:

1. A RACI matrix identifies
Choose 3 answers.

A) weighted performance attributes.
B) threats and opportunities.
C) level of stakeholder involvement in activities.
D) stakeholders required to provide feedback.
E) what reasonable information is to be provided.

2. Which of the following support an organization in lessons learned from a VM study?
Choose 2 answers.

A) Highlight the design errors and those responsible.
B) Document both the successes and the challenges.
C) Require changes based on specific challenges.
D) Filter out any lessons that had negative impacts.

3. Which of the following are important to the success of the Presentation Phase?
Choose 3 answers.

A) Presenting each idea developed
B) Tailoring the material presented based on participants
C) Timing of the VM results presentation
D) Having the right individuals available to participate
E) Level of development of the VM proposal write-ups

4. Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installed cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installed cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

A) Carpet $120,000
B) Carpet $138,000
C) Vinyl Tile $130,000
D) Vinyl Tile $178,000

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

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

Solutions: