SAVE International Certified Value Specialist : CVS

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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. What is needed most for a successful VM program?

A) Having a trained staff
B) Awareness of applicable laws and standards
C) Following the VM Job Plan
D) Upper management commitment

2. Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?
Choose 3 answers.

A) VM Team involvement
B) Schedule
C) Implementation costs
D) New Proposals
E) Responsibility

3. Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?

A) Life-cycle costs
B) Annualized costs
C) Total costs
D) Incremental unit costs

4. A VM study team member determined that the VM proposal will not meet the goals of the study subject.
What should the VM facilitator do?
Choose 2 answers.

A) Document the reasons for not meeting the goals.
B) Disregard the VM proposal.
C) Have the VM team member complete the VM proposal.
D) Review the results with the stakeholders.

5. SWOT stands for

A) standards, weaknesses, organization, and threats.
B) strengths, weaknesses, organization, and threats.
C) strengths, weaknesses, opportunities, and threats.
D) standards, weaknesses, organization, and thresholds.

Solutions: