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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following are specific VM facilitator tasks to be completed prior to the VM study workshop?
Choose 2 answers.

A) Identifying functions for the VM Team's consideration
B) Developing a high-level agenda to review with the client and obtaining approval
C) Preparing a draft of the Implementation Phase
D) Compile information gathered for the Information Phase

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

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

3. Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installation cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installation cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax What is the initial cost of the carpet ?

A) $33,000
B) $32,500
C) $30,000
D) $36,000

4. The VM study team appears engaged but is not making progress. Which of the following is the most likely cause?

A) Uncomfortable environment
B) Social loafing
C) Group size
D) Groupthink

5. The Value Methodology
Choose 2 answers.

A) Encourages multidisciplinary communication
B) Maintains paradigms
C) Develops realistic budgets
D) Accelerates the design process

Solutions: