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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 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) Ignore the lessons learned discussion since the last project was successful.
C) Create a summarized report of lessons learned and share it with the project team.
D) Store the lessons learned report in a digital folder without any further distribution.

2. Which of the following are fine filter actions a VM study team can take to evaluate ideas?
Choose 2 answers.

A) Conduct a SWOT analysis for each idea.
B) Gather team feedback on all ideas without discussion.
C) Align each idea with the subject study goals.
D) Rank the ideas based on estimated costs.

3. Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?

A) $84,000
B) $477,000
C) $480,000
D) $500,000

4. What tool could the VM study team use to show customer satisfaction?

A) Quality function deployment
B) Resource model
C) Quality management plan
D) Customer FAST

5. A RACI matrix identifies
Choose 3 answers.

A) weighted performance attributes.
B) level of stakeholder involvement in activities.
C) stakeholders required to provide feedback.
D) threats and opportunities.
E) what reasonable information is to be provided.

Solutions: