SAVE International CVS - Certified Value Specialist
- Exam Code: CVS
- Exam Name: Certified Value Specialist
- Updated: Aug 19, 2026
- Q & A: 149 Questions and Answers
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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Value Methodology Foundations
- Function Analysis - VM Facilitation and Leadership - Value Concept
- Advanced VM Practice (Leadership-level application) |
1. Which of the following should be considered when preparing the VM study report?
Choose 3 answers.
A) Using technical language
B) Creating a document for those not involved in the VM study
C) Identifying non-study focus groups
D) Focusing on the typical audience of stakeholders and project managers
E) Status of the VM study subject
2. Place the steps of the Random Function Identification Technique in the correct order.
3. What is the ultimate objective of the Function Analysis Phase?
A) To classify functions.
B) To prioritize functions.
C) To allocate resources to functions.
D) To organize functions.
4. What reviews should be conducted during the development of VM proposals?
Choose 2 answers.
A) Only the VM facilitator reviews the VM proposals.
B) Discard controversial VM proposals.
C) Conduct a midpoint review with stakeholders.
D) All VM study team members review VM proposals.
5. What is the expected output or deliverable of the Information Phase?
A) Thorough understanding of the study subject
B) Recommended value improvement proposals
C) Definition of study subject functions
D) Identification of value improvement opportunities
Solutions:
| Question # 1 Answer: B,D,E | Question # 2 Answer: Only visible for members | Question # 3 Answer: B | Question # 4 Answer: C,D | Question # 5 Answer: A |
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