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SAVE International Certified Value Specialist Sample Questions:

1. A RACI matrix identifies
Choose 3 answers.

A) level of stakeholder involvement in activities.
B) weighted performance attributes.
C) stakeholders required to provide feedback.
D) what reasonable information is to be provided.
E) threats and opportunities.

2. Which of the following are key elements of a risk register?
Choose 2 answers.

A) Function of the risk
B) Performance criteria
C) Impact on the scope
D) Probability of occurrence

3. A VM program manager has limited time available to coordinate VM studies. Rank their priorities.

4. Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?

A) Cover page, table of contents, executive summary, and planning documents
B) Recommended alternatives, list of information reviewed, and function analysis
C) Recommended alternatives, stakeholder survey, and a list of prioritized functions
D) Executive summary, list of information reviewed, a FAST flow chart, and VM presentation

5. Which of the following indicates the need to train managers, team members, or decision-makers in the Value Methodology?
Choose 3 answers.

A) Reluctance to participate in a value study
B) Lack of funding
C) Poor results
D) Lack of management support
E) Lack of technical expertise

Solutions: