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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. Which of the following actions would be appropriate for creating an effective evaluation framework?
Choose 2 answers.

A) Use the VM team's gut feel index.
B) Conduct evaluations during the Creativity Phase.
C) Define clear objectives and success criteria that align with the subject goals.
D) Involve stakeholders in the evaluation process.

2. Which of the following actions would be appropriate to effectively report lessons learned for a VM program?
Choose 2 answers.

A) Schedule a meeting with the team to discuss the lessons learned and how they can be applied in future projects.
B) Store the lessons learned report in a digital folder without any further distribution.
C) Create a summarized report of lessons learned and share it with the project team.
D) Ignore the lessons learned discussion since the last project was successful.

3. Which of the following actions would be appropriate for transforming your subject's information into a useful work breakdown structure?
Choose 2 answers.

A) Identify major milestones and decompose them into manageable elements.
B) List all activities in chronological order without grouping by deliverables.
C) Focus on cost estimates instead of deliverables.
D) Break down the project into defined elements.

4. On the function logic path in a FAST diagram.
Choose 3 answers.

A) The function on the right expresses the approach to perform the function on the left.
B) Changing a function on the function logic path affects all functions to the left of that function.
C) The function on the left expresses the approach to perform the function on the right.
D) The function on the right expresses the goal of the function on the left.
E) Changing a function on the function logic path affects all functions to the right of that function.
F) The function on the left expresses the goal of the function on the right.

5. Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?

A) Total costs
B) Life-cycle costs
C) Annualized costs
D) Incremental unit costs

Solutions: