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SAVE International Certified Value Specialist Sample Questions:

1. 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, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.
B) The subject is similar to a previous project and the design has not started. The previous project did not achieve 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.

2. In a function, the noun can be:

A) informative or hypothetical.
B) descriptive or superficial.
C) objective or subjective.
D) quantitative or qualitative.

3. Match the statements that best identify a FAST diagram and flowchart.

4. A VM study team member determined that the VM proposal will not meet the goals of the study subject.
What should the VM facilitator do?
Choose 2 answers.

A) Disregard the VM proposal.
B) Document the reasons for not meeting the goals.
C) Have the VM team member complete the VM proposal.
D) Review the results with the stakeholders.

5. What is the most appropriate description of the Information Phase?

A) Make sure management agrees with the topic being studied
B) Collect and restructure data to support the function analysis phase
C) Gather, organize, review, and transform data collected
D) Confirm timing of Job Plan phases with the customer

Solutions: