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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following actions is the most effective method for encouraging stakeholder engagement during the implementation phase?

A) Provide stakeholders with the VM study report during the implementation meeting.
B) Assign tasks to team members before informing stakeholders.
C) Use formal reports to streamline the process.
D) Coordinate with the project manager to distribute information to stakeholders.

2. Which of the following are important to the success of the Presentation Phase?
Choose 3 answers.

A) Presenting each idea developed
B) Tailoring the material presented based on participants
C) Having the right individuals available to participate
D) Timing of the VM results presentation
E) Level of development of the VM proposal write-ups

3. Which of the following are reasons why the VM facilitator and VM study team members should participate in the Implementation Meeting?
Choose 3 answers

A) To present the VM proposals
B) To answer questions about the cost impact
C) To address the level of effort required for implementation
D) To respond to technical questions about the VM proposals
E) To address alternative VM proposals

4. How should the VM facilitator handle "conditionally accepted" VM proposals?
Choose 2 answers.

A) Identify modifications required for acceptance.
B) List the VM proposal as accepted.
C) List deficiencies of the VM proposal.
D) Ask decision makers for timing of the final decision.

5. A function performance specification:
Choose 3 answers.

A) communicates customer performance wants and needs.
B) assists in uncovering hidden assumptions.
C) defines constraints on designers.
D) accurately identifies requirements specific to functions.
E) puts parameters on VM team options.

Solutions: