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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. Which of the following are balanced scorecard perspectives?
Choose 2 answers.

A) Innovation
B) Cost
C) Marketing
D) Design

2. What is the ultimate objective of the Function Analysis Phase?

A) To organize functions.
B) To classify functions.
C) To allocate resources to functions.
D) To prioritize functions.

3. Some stakeholders disagree with their level of involvement in the VM study scope. What tool could the VM facilitator use to focus the group?

A) SWOT analysis
B) RACI matrix
C) Work breakdown structure
D) Paired comparison

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

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

5. 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) $36,000
B) $32,500
C) $33,000
D) $30,000

Solutions: