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SAVE International Certified Value Specialist Sample Questions:

1. A VM study team struggles to reach consensus while evaluating an idea during the Evaluation Phase. Which approaches should the VM facilitator use?
Choose 3 answers.

A) Restart the evaluation process.
B) Ensure each team member has provided their input.
C) Have the team modify the title of the idea.
D) Ask for more information about the idea.
E) Remove the idea from further consideration.

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

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

3.
Match the following to their appropriate "How" direction on the function logic path for the prescription eyeglasses:

4. Which of the following assists the VM Facilitator in creating a collaborative client relationship?
Choose 3 answers.

A) Clarifying mutual involvement
B) Analyzing organizational involvement
C) Diagnosing client needs and creating appropriate VM Job Plan elements to achieve intended outcomes
D) Focusing on structure
E) Dictating tasks, deliverables, roles, and responsibilities

5. Some stakeholders disagree with their level of involvement in the VM study scope. What tool could the VM facilitator use to focus the group?

A) RACI matrix
B) SWOT analysis
C) Paired comparison
D) Work breakdown structure

Solutions: