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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. The VM job plan separates

A) designers from the VM Team.
B) project needs from functions.
C) cost estimates from functions.
D) creative steps from analytical steps.

2. Projects generally begin with basic assumptions. These can become criteria or "requirements." What should the VM study team do with these assumptions?
Choose 2 answers.

A) Accept them as facts
B) Challenge them with facts
C) Replace them
D) Verify them

3. What are tools the VM facilitator might use during the Creativity Phase?
Choose 3 answers.

A) RACI matrix
B) Mind-mapping
C) SWOT analysis
D) Hitchhiking
E) Reverse brainstorming

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

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

5. A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?

A) The subject design is complete, but there is concern the project will not deliver an ROI.
B) The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.
C) The subject is similar to a previous project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.
D) The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.

Solutions: