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SAVE International Certified Value Specialist Sample Questions:

1. What is the correct order for the management of change stages?

A) Adaptation to change, acknowledgement, defensive retreat, shock
B) Acknowledgement, shock, defensive retreat, adaptation to change
C) Defensive retreat, shock, acknowledgement, adaptation to change
D) Shock, defensive retreat, acknowledgement, adaptation to change

2. 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 kilometer per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
What are the repair and replacement costs for Car B for the service life of the vehicle?

A) $12,000
B) $10,000
C) $6,000
D) $4,000

3. Which of the following are common change drivers?
Choose 3 answers

A) Crises
B) Organizational culture
C) Technological evolution
D) Maintaining habits
E) Process reviews

4. In VM, the basic function of a product, project, or process answers which question?

A) Who designed it?
B) What does it cost?
C) How quickly can it be procured?
D) What must it do?

5. Which of the following are appropriate techniques to achieve the expected output in the Function Analysis Phase?
Choose 2 answers.

A) Detailed cost analysis
B) Paired comparison matrix
C) Process flowchart
D) FAST diagramming
E) Random function identification

Solutions: