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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject's impact?
Choose 2 answers

A) Define key performance indicators that align with subject objectives.
B) Conduct a one-time survey to gather staff opinions.
C) Set baseline criteria for measurement against future outcomes.
D) Review the project's budget to assess financial efficiency.

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

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

3. What reviews should be conducted during the development of VM proposals?
Choose 2 answers.

A) Discard controversial VM proposals.
B) Only the VM facilitator reviews the VM proposals.
C) Conduct a midpoint review with stakeholders.
D) All VM study team members review VM proposals.

4. During the Presentation Phase, the team leader should primarily do which of the following?

A) Document and communicate developed alternatives and value improvement opportunities
B) Generate all possible alternatives without evaluation
C) Begin random function identification
D) Replace the owner's decision-making authority

5. Which of the following are techniques the VM facilitator might use for a VM study team that is having difficulty completing the FAST diagram?
Choose 2 answers.

A) Reorganize the functions for the VM study team
B) Ask the VM study team if a function is missing
C) Review level of abstraction
D) Make sure all identified functions are used

Solutions: