CVS Latest Study Materials & Unlimited CVS Exam Practice

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SAVE International CVS Exam Syllabus Topics:

SectionObjectives
Professional Practice Requirements- Project documentation and reporting
- Value study facilitation
Job Plan Phases- Presentation Phase
  • 1. Proposal presentation
    • 2. Stakeholder review
      - Function Analysis Phase
      • 1. Function identification
        • 2. FAST diagramming
          - Development Phase
          • 1. Solution development
            • 2. Cost-benefit analysis
              - Creative Phase
              • 1. Idea generation techniques
                - Information Phase
                • 1. Project scope definition
                  • 2. Data collection and cost review
                    - Evaluation Phase
                    • 1. Idea screening and ranking
                      Value Methodology Overview- Principles of Value Engineering / Value Analysis
                      • 1. Function analysis basics
                        • 2. Value definition and concepts

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                          SAVE International Certified Value Specialist Sample Questions (Q141-Q146):

                          NEW QUESTION # 141
                          Which of the following are reasons why the VM facilitator and VM study team members should participate in the Implementation Meeting?
                          Choose 3 answers

                          Answer: A,B,E

                          Explanation:
                          The correct answers are A, C, and E . The Implementation Meeting is not merely another presentation session; it is the point where management and the project team review the preliminary VM report, determine the disposition of each value alternative, establish action plans for accepted alternatives, obtain implementation commitments, and set timeframes for review and implementation. ( ) The VM facilitator and study team members should participate because they understand the technical basis, assumptions, cost comparisons, performance effects, and risk considerations behind the proposals. Therefore, they are needed to answer cost-impact questions , because accepted alternatives often depend on capital cost, operating cost, life-cycle cost, and implementation-cost implications. They are also needed to respond to technical questions , since the proposal write-ups include descriptions, sketches, assumptions, calculations, vendor information, performance data, and possible negative factors. ( ) They should also address the level of effort required for implementation , because implementation requires action steps, responsibilities, timing, resources, and follow-through. Option B is less appropriate because formal presentation occurs in the Presentation Phase. Option D is not the main purpose; the meeting disposes developed value alternatives, not creates a new set of alternative proposals.
                          References/topics: Implementation Phase; Implementation Meeting; Disposition of Value Alternatives; Cost Impact; Technical Clarification; Implementation Effort.


                          NEW QUESTION # 142
                          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 kilometer per liter .
                          Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
                          What are the repair and replacement costs for Car B for the service life of the vehicle?

                          Answer: B

                          Explanation:
                          The correct answer is B. $12,000 . This question asks only for the repair and replacement costs of Car B , not the full life-cycle cost. Therefore, the initial purchase price of $50,000 and the fuel cost data are irrelevant for this specific calculation. The only repair/replacement item listed for Car B is tires every two years at
                          $2,000 .
                          The service life is 12 years . Since tires are replaced every 2 years , the number of replacement cycles is:
                          12 years ÷ 2 years = 6 replacement cycles
                          The total repair and replacement cost is therefore:
                          6 × $2,000 = $12,000
                          Option A. $6,000 would represent only three tire replacements, which does not cover the full 12-year service life. Option C. $10,000 would represent five replacements; that approach would exclude the final two-year replacement interval, but this question's wording asks for costs for the service life , so the full 12-year period is counted. Option D. $4,000 covers only two replacement cycles and is clearly incomplete.
                          In the Evaluation Phase, the CVS candidate must separate initial cost , annual operating cost , and periodic repair/replacement cost before performing life-cycle calculations. This question isolates the periodic replacement-cost component only.
                          References/topics: Evaluation Phase; Life-Cycle Cost; Repair and Replacement Costs; Recurrent Cost; Cost Classification.


                          NEW QUESTION # 143
                          Which of the following strategies should be used to enhance understanding of VM proposals presented during the Presentation Phase?
                          Choose 2 answers.

                          Answer: A,D

                          Explanation:
                          The correct answers are C and D . In the Presentation Phase, the purpose is not simply to display information, but to communicate the developed VM proposals clearly enough for decision makers to understand the recommendation, its basis, and its value improvement opportunity. SAVE's Value Methodology Standard states that the Presentation Phase should develop a report and/or presentation that documents and conveys the adequacy of the developed alternatives and their associated value improvement opportunity. ( ) Using baseline and proposed graphics at a similar level of complexity helps the audience compare the current condition against the recommended alternative without distortion. If one graphic is overly detailed and the other is simplified, the comparison may become misleading or difficult to evaluate. Providing clear explanations and context is equally important because graphics alone rarely communicate assumptions, functional trade-offs, cost implications, risks, or implementation constraints.
                          Option A is incorrect because relying only on graphics removes the technical reasoning needed for acceptance. Option B is also incorrect because excessive graphics can dilute the message and distract from the proposal's functional and value basis.
                          References/topics: Presentation Phase; VM Proposal Communication; Baseline vs Proposed Comparison; Decision-Maker Understanding; VM Report and Presentation.


                          NEW QUESTION # 144
                          Which approaches should the VM facilitator use to encourage innovation?
                          Choose 2 answers.

                          Answer: A,B

                          Explanation:
                          The correct answers are B and C . A VM facilitator encourages innovation by moving the team beyond existing assumptions, current habits, and normal organizational boundaries. In the Creativity Phase, SAVE- oriented VM guidance emphasizes generating ideas for all possible ways to accomplish the required functions, rather than defending the existing solution. ( Value Engineering ) The facilitator therefore supports future-focused thinking, where the team imagines an ideal condition and considers long-term potential before judging feasibility. This is consistent with VM practice because creativity must be allowed to expand before evaluation, cost review, or technical screening begins.
                          Option C is also correct because innovation often comes from cross-disciplinary transfer. Borrowing ideas from other industries, technologies, processes, or disciplines helps the team discover alternative ways to perform the required function. The Creative Phase is specifically described as being unconstrained by habit, tradition, negative attitudes, assumed restrictions, and specific criteria. ( UW Courses ) Option A is incorrect because simply maintaining current systems preserves the baseline and limits breakthrough thinking. Option D is incorrect because avoiding combinations and testing prevents idea development and blocks innovation.
                          References/topics: VM Facilitation; Team Dynamics; Creativity Phase; Innovation; Divergent Thinking; Long-Term Value Potential.


                          NEW QUESTION # 145
                          Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject's impact?
                          Choose 2 answers

                          Answer: A,D

                          Explanation:
                          The correct answers are B and D . The Evaluation Phase requires the VM team to apply a structured evaluation process so that ideas are judged against defined requirements rather than informal preference.
                          SAVE's Value Methodology Standard states that the team selects ideas with potential for value improvement while still delivering the required functions and considering performance requirements and resource limits. ( ) Therefore, setting baseline criteria is essential because impact cannot be measured unless the current or expected performance condition is defined first. Baselines allow future outcomes to be compared against the starting point and help determine whether the selected alternative actually improves value. Defining key performance indicators is also correct because KPIs translate subject objectives into measurable evaluation factors, such as time, quality, productivity, service level, risk reduction, cost effectiveness, or functional performance.
                          Option A is weak because a one-time opinion survey may provide useful input, but it does not create a disciplined impact-measurement framework. Option C is too narrow because budget review only addresses financial efficiency and does not fully evaluate subject impact. The official SAVE Core Competencies also place "establish evaluation framework" and "establish evaluation criteria" directly within the Evaluation Phase.
                          References/topics: Evaluation Phase; Evaluation Framework; Evaluation Criteria; KPI Alignment; Baseline Measurement; Subject Impact Analysis.


                          NEW QUESTION # 146
                          ......

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