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At Prep4King, we are proud to offer you actual CVS exam questions in our SAVE International CVS practice exam material. This actual study material has been checked and approved by leading professionals in the field. A team of over 90,000 experts and professionals have collaborated to design the Certified Value Specialist (CVS) exam material, ensuring that you receive both theoretical knowledge and practical insights to excel in the Certified Value Specialist exam.
| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Value Methodology Foundations
- Function Analysis - VM Study Execution and Team Management - Value Concept
- VM Facilitation and Leadership |
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NEW QUESTION # 34
Which of the following is information that is typically documented for "conditionally accepted" VM proposals during the Implementation Meeting?
Choose 3 answers.
Answer: A,B,C
Explanation:
The correct answers are A, D, and E . A "conditionally accepted" VM proposal is not rejected, but it is also not fully approved for immediate implementation. It requires follow-up before final acceptance. Therefore, the Implementation Meeting documentation must clearly record what action is required , who is responsible , and when the final decision will be made .
This aligns directly with SAVE's VM Job Plan logic. The Development Phase requires the team to prepare implementation requirements, including initial cost, life-cycle cost, implementation cost, risk, uncertainty, and schedule impact. It also requires an implementation plan containing the proposed schedule, team assignments, and management requirements. ( UW Courses ) The Presentation Phase then seeks concurrence and commitment from management, and the written report confirms the implementation plan accepted by management. ( UW Courses ) During Post-Study, assignments are made to complete tasks associated with the approved implementation plan. ( UW Courses ) Grammar changes are editorial, not implementation-control information. VM team disagreements may be noted internally if relevant, but they are not the typical required record for conditional acceptance.
References/topics: Implementation Phase; Presentation Phase; Post-Study Activities; Implementation Plan; VM Proposal Follow-Up.
NEW QUESTION # 35
Which of the following is the most commonly used technique to identify functions?
Answer: A
Explanation:
The correct answer is D. Random Function Identification . In the Function Analysis Phase, the team first identifies and defines functions of the product, project, process, or service being studied. The function statement is normally written in the classic VM format: active verb + measurable noun . SAVE-related VM guidance describes this first step as identifying and defining functions using active verbs and measurable nouns, often referred to as Random Function Definition . ( UC Homepages ) This is why Random Function Identification is the best answer. It is the direct technique used to generate the initial list of functions before the team classifies, organizes, models, or evaluates those functions.
FAST is important, but it is not primarily the first technique for identifying individual functions. FAST is mainly used after functions are listed, to show logical How/Why relationships between functions and to build a function model. SAVE material describes FAST as a technique that illustrates relationships among functions. ( cdn..com ) Mind Mapping and Random Words are creativity tools, not the standard VM function-identification method.
References/topics: Function Analysis Phase; Random Function Definition; Function Identification; Verb- Noun Function Format; FAST Diagramming.
NEW QUESTION # 36
What are key reasons to use a fine evaluation filter?
Choose 2 answers.
Answer: A,C
Explanation:
The correct answers are A and C . A fine evaluation filter is used in the Evaluation Phase when the VM team needs a more disciplined and defensible method for screening ideas before selecting them for development.
SAVE's VM Job Plan states that evaluation factors and their relative importance should be agreed upon before ideas are evaluated, and that ideas are then ranked and rated against the most important evaluation criteria.
Option A is correct because the fine filter applies weighted relative importance to evaluation criteria. This prevents all criteria from being treated equally when some factors, such as cost, performance, risk, schedule, or customer impact, are more important than others. Option C is correct because this method increases rigor by moving the team from informal opinion to structured comparison. It supports rational selection of ideas for development and reduces bias, popularity-based decisions, and premature rejection of valuable alternatives.
Option B is incorrect because the purpose is not to slow the process or promote initial ideas. Option D may be a result of scoring, but it is not the primary distinguishing reason for using the fine filter.
References/topics: Evaluation Phase; Fine Evaluation Filter; Weighted Criteria; Ranking and Rating Ideas; Selection for Development.
NEW QUESTION # 37
A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?
Answer: C
Explanation:
The correct answer is C . Using the stated formula, Value Index = Function Cost ÷ Function Worth =
$120,000 ÷ $80,000 = 1.50 . SAVE's dictionary defines Function Cost as the directly related resources allocated to a function and Function Worth as the lowest overall cost to perform a function without regard to criteria or code. It also defines Value Index as the monetary relationship of function cost to function worth, expressed as FC ÷ FW, where good value is VI # 1.0.
Option A reverses the formula and calculates FW ÷ FC. Option B would mean cost equals worth, which is not true here. Option D has no mathematical basis from the numbers given. A VI of 1.50 indicates a value mismatch: the current function cost exceeds the function worth. This does not automatically mean the function should be eliminated, but it does identify a strong candidate for creativity and evaluation. CVS candidates must be careful because some older materials express the ratio in reverse; the exam stem controls the formula.
References/topics: Evaluation Phase; Function Cost; Function Worth; Value Index.
NEW QUESTION # 38
The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan
Answer: C
Explanation:
The correct answer is B. focuses on what a subject does . The key difference between the VM Job Plan and many other problem-solving methods is its deliberate emphasis on function . In Value Methodology, the team does not begin by defending the existing design, component, process, or solution. Instead, it asks what the subject must do to satisfy the required need.
SAVE's Study Guide states that Value Methodology improves value through the analysis of functions and that Function Analysis is the activity that differentiates VM from other problem-solving or improvement practices. It also explains that functions describe the work being performed within the study scope using active verb and measurable noun pairings. ( ) Option A is incorrect because VM still requires adequate information during the Information Phase. Option C is incorrect because VM does not reduce analysis; it structures analysis through the Job Plan. Option D describes the scientific method more closely because hypothesis development and testing are central to scientific inquiry. The VM Job Plan is function-based: it defines, analyzes, creatively improves, evaluates, develops, and presents alternatives that better perform required functions. SAVE's VM Standard also confirms that Function Analysis defines project functions and identifies which functions require improvement, elimination, or creation. ( ) References/topics: Value Methodology and Job Plan; Function Analysis Phase; Function-Based Thinking; Active Verb/Measurable Noun; VM vs Scientific Method.
NEW QUESTION # 39
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