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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. What is the role of the VM facilitator during the Development Phase?
Choose 2 answers.

A) Rewrite VM proposals
B) Research VM proposal background
C) Prepare VM proposals
D) Review VM proposals

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

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

3. Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?

A) $500,000
B) $477,000
C) $84,000
D) $480,000

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

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

5. Which of the following are specific VM facilitator tasks to be completed prior to the VM study workshop?
Choose 2 answers.

A) Identifying functions for the VM Team's consideration
B) Developing a high-level agenda to review with the client and obtaining approval
C) Compile information gathered for the Information Phase
D) Preparing a draft of the Implementation Phase

Solutions: