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SAVE International Certified Value Specialist Sample Questions:

1. Pareto's law of distribution can be applied to
Choose 4 answers.

A) standards.
B) time.
C) costs.
D) performance.
E) quality.
F) risk.

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

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

3. A VM Facilitator has been asked to propose ways to reduce the value study time commitment of client VM team members who have specialized knowledge required for the study. What should the VM Facilitator propose to best reduce the time commitments of the specialists?

A) Recommend that all team members follow all the VM job plan phases to achieve value improvement.
B) Recommend VM members with specialized knowledge participate in the Creativity Phase to ensure the team understands their perspectives.
C) Suggest VM team members with specialized knowledge participate in the Function Analysis Phase because it leads to creativity.
D) Suggest that VM team members with specialized knowledge participate in the Development Phase to ensure reasonable value proposals.

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

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

5. How does leveraging the ambiguity of functions foster creativity?
Choose 2 answers.

A) Provides subject context reframing
B) Contributes to divergent thinking
C) Focuses on structure
D) Contributes to convergent thinking

Solutions: