SAVE International CVS - Certified Value Specialist

SAVE International CVS Actual PDF
  • Exam Code: CVS
  • Exam Name: Certified Value Specialist
  • Updated: Aug 19, 2026
  • Q & A: 149 Questions and Answers
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SAVE International CVS Exam Syllabus Topics:

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

              SAVE International Certified Value Specialist Sample Questions:

              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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