SAVE International Certified Value Specialist : CVS

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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

Question 1

Which statement best describes a FAST diagram?

A. A graphical model showing dependent relationships among functions
B. A procurement chart showing supplier lead times
C. A cost spreadsheet used to calculate inflation
D. A schedule network used to calculate project float

Question 2

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. $36,000
C. $30,000
D. $32,500

Question 3

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

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

Question 4

The main objective of the Information Phase is to

A. review and understand the available project information.
B. develop a VM Study Team Information Workbook.
C. enlist additional VM team members.
D. begin to determine alternative solutions.

Question 5

Which of the following are inputs to the Presentation Phase?
Choose 3 answers.

A. Disposition decision
B. VM study report
C. VM proposals
D. List of participants
E. VM study subject information

Solutions: