SAVE International CVS Test Passed : Certified Value Specialist

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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

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

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

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 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?

A) $477,000
B) $84,000
C) $480,000
D) $500,000

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

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

4. What is the role of the designer during the Information Phase?

A) Identify functions
B) Describe the project
C) Define expectations
D) Identify VM study team members

5. The decision makers cling to familiar ways and reject all the VM proposals. What strategy could the VM facilitator use to persuade them to reconsider their decisions?

A) Provide information only as required to reduce the potential for discomfort.
B) Identify how to modify behaviors in the context of the new situation.
C) Repeat the VM study with new team members.
D) Identify areas of instability.

Solutions: