Formal SAVE International CVS Test - CVS Exam Dumps Provider

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SAVE International CVS Exam Syllabus Topics:

SectionObjectives
Topic 1: Value Methodology Core Competencies- Value Methodology Foundations
  • 1. Foundational concepts of Value Methodology
    • 2. History and evolution of VM
      • 3. Application areas of VM
        - Value Methodology Job Plan Application
        - VM Study Execution and Team Management
        - Value Concept
        • 1. Development of value concept
          • 2. Reasons for poor value
            • 3. Elements of value
              - VM Facilitation and Leadership
              - Function Analysis
              - Advanced VM Practice (Leadership-level application)

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              SAVE International Certified Value Specialist Sample Questions (Q51-Q56):

              NEW QUESTION # 51
              Lower-order functions are
              Choose 2 answers.

              Answer: A,C

              Explanation:
              The correct answers are A and B . In FAST-based Function Analysis, lower-order functions are also known as assumed or causative functions because they represent the initiating input that causes, enables, or "turns on" the project, product, process, or service. SAVE's Value Methodology glossary defines a lower-order function as the function selected to initiate the project, product, or process and identifies it as an input outside the subject scope. ( ) The SAVE glossary also states that lower-order functions are not part of the VM study scope and are inputs for the project, product, process, service, or organization.
              In a FAST diagram, the study scope is bounded by scope lines. The subject scope lies between the higher- order and lower-order functions; therefore, lower-order functions are positioned outside the study boundary on the input side, conventionally beyond the right scope line. ( ) They are not an output of the VM Study; rather, they are boundary-condition inputs used to establish the function logic path. They are also not generally determined by the customer; customer needs are more closely associated with higher-order functions and value requirements.
              References/topics: Function Analysis Phase; FAST Diagramming; Lower-Order Functions; Assumed
              /Causative Functions; Scope Lines.


              NEW QUESTION # 52
              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: D

              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 # 53
              What tool could the VM study team use to show customer satisfaction?

              Answer: A

              Explanation:
              The correct answer is Customer FAST . In Value Methodology, FAST is used in the Function Analysis Phase to model how functions relate to each other and to clarify what the project must accomplish from a functional perspective. The customer-oriented version of FAST is specifically designed to reflect that the customer determines value in the function analysis process. The SAVE study guide describes the Customer-Oriented FAST model as a variation that adds customer-focused support functions such as "attract users," "satisfy users," "assure dependability," and "assure convenience." ( ) This makes Customer FAST the best tool when the study team wants to show customer satisfaction as part of the value logic. Quality Function Deployment can capture or translate the voice of the customer, but the question asks for a tool to show customer satisfaction within the VM function structure. A quality management plan is a project quality control document, not a VM function model. A resource model addresses inputs or resource use rather than customer-perceived value. Therefore, Customer FAST is the most technically precise answer.
              References/topics: Function Analysis Phase; FAST Diagramming; Customer-Oriented FAST; Customer Attitude; Function Modeling.


              NEW QUESTION # 54
              Which of the following are typically included in a VM study report?
              Choose 3 answers.

              Answer: A,C,D

              Explanation:
              A VM study report is the formal documentation of the value study process, findings, alternatives, and supporting rationale. The correct inclusions are workshop agenda and team members , summary of the VM Job Plan , and the ideas generated with their evaluation . The SAVE VM Standard identifies the Job Plan as the structured framework for a valid study, and the Presentation Phase requires the team leader or facilitator to develop a report and/or presentation that documents and conveys the alternatives and value improvement opportunity. ( cdn..com ) A report should therefore preserve the administrative record of the study, including agenda, attendance, team composition, and study process. It should also summarize how the Job Plan was followed, because the Job Plan is the disciplined sequence that gives the study validity. The creative and evaluation outputs are also reportable because ideas are generated in the Creative Phase and then screened through a structured Evaluation Phase to identify value-improvement potential.
              Design plans and specifications are source information used during preparation/information gathering, but they are not normally reproduced as core VM study-report content. The VM presentation may be related to the report, but it is not the best answer as a typical internal report section.
              References/topics: Presentation Phase; VM Study Report; VM Job Plan; Creative Phase; Evaluation Phase; Study Documentation.


              NEW QUESTION # 55
              What is the role of the VM facilitator during the Development Phase?
              Choose 2 answers.

              Answer: A,C

              Explanation:
              The correct answers are A. Review VM proposals and C. Rewrite VM proposals . During the Development Phase, selected ideas are converted into formal VM proposals with enough documentation for decision makers to determine whether implementation is justified. SAVE's VM Standard Reference states that, in this phase, the VM study team develops selected ideas into VM proposals with sufficient documentation for implementation decisions.
              The facilitator's role is not to become the technical author or researcher for each proposal. Instead, the facilitator manages the process, maintains consistency, reviews proposal quality, checks clarity, confirms that required elements are included, and helps revise or rewrite proposal narratives so they are understandable, complete, and decision-ready. This aligns with the facilitator's broader duty to lead the multidisciplinary VM process, keep the team disciplined within the Job Plan, and ensure outputs support value-based decisions.
              SAVE describes VM as a systematic process used by a multidisciplinary team led by a qualified VM facilitator.
              Option B is incorrect because proposal preparation is primarily the responsibility of assigned team members or technical specialists. Option D is incorrect because background research is normally performed by the proposal owner or subject-matter experts, not by the facilitator as a primary role.
              References/topics: Development Phase; VM Proposal Development; VM Facilitator Role; Proposal Review and Revision; VM Job Plan.


              NEW QUESTION # 56
              ......

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