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SAVE International CVS Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Standards, Ethics and Application | 10% | - Professional ethics and responsibilities - Application in different industries and sectors - SAVE International standards and guidelines |
| Tools and Techniques | 20% | - Function analysis system technique (FAST) - Cost analysis and worth assessment - Decision-making and evaluation tools - Creative thinking and idea generation methods |
| Leadership and Facilitation | 15% | - Workshop facilitation skills - Leading value study teams - Stakeholder management and communication |
| Value Methodology Principles and Concepts | 25% | - Origins, development and application scope of Value Methodology - Definition and core concepts of Value - Value index, function and cost relationship |
| Value Methodology Job Plan | 30% | - Information phase - Creative phase - Development phase - Evaluation phase - Function analysis phase - Presentation and implementation phase - Preparation phase |
SAVE International Certified Value Specialist Sample Questions:
During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?
- A. Develop a training manual for new employees on how to use the project management system, but do not include tracking procedures.
- B. Implement a weekly status update meeting where project milestones are discussed, but focus solely on outcomes without auditing the processes used.
- C. Conduct regular audits of project documents to confirm all data entries are accurate and compliant with company standards.
- D. Only review audit logs at the end of the project to assess compliance and make necessary adjustments for future projects.
Correct Answer: C 🗳️
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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. Work breakdown structure
- B. SWOT analysis
- C. Paired comparison
- D. RACI matrix
Correct Answer: D 🗳️
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Unwanted functions
Choose 3 answers.
- A. are the focus for problem-solving.
- B. are used with Value Index to identify opportunities.
- C. are the byproduct of the way another function is performed.
- D. degrade performance.
- E. increase costs.
Correct Answer: C,D,E 🗳️
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Which activities promote innovation by the VM team during the Creativity Phase?
Choose 2 answers.
- A. Testing old combinations
- B. Modifying what currently exists
- C. Envisioning the ideal
- D. Maintaining existing solutions
Correct Answer: B,C 🗳️
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A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?
- A. The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.
- B. The subject is similar to a previous project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.
- C. The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.
- D. The subject design is complete, but there is concern the project will not deliver an ROI.
Correct Answer: B 🗳️
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