Professional team

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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following actions would be appropriate for creating an effective evaluation framework?
Choose 2 answers.

A) Use the VM team's gut feel index.
B) Involve stakeholders in the evaluation process.
C) Conduct evaluations during the Creativity Phase.
D) Define clear objectives and success criteria that align with the subject goals.

2. Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installation cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installation cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax What is the initial cost of the carpet ?

A) $33,000
B) $32,500
C) $30,000
D) $36,000

3. What is the role of the designer during the Information Phase?

A) Define expectations
B) Describe the project
C) Identify VM study team members
D) Identify functions

4. The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan

A) focuses on what a subject does.
B) requires less information on a subject than the scientific method.
C) analyzes a problem and develops a hypothesis.
D) requires less analysis than the scientific method.

5. Which of the following actions would be appropriate for transforming your subject's information into a useful work breakdown structure?
Choose 2 answers.

A) List all activities in chronological order without grouping by deliverables.
B) Break down the project into defined elements.
C) Identify major milestones and decompose them into manageable elements.
D) Focus on cost estimates instead of deliverables.

Solutions: