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SAVE International Certified Value Specialist Sample Questions:

1. Unwanted functions
Choose 3 answers.

A) degrade performance.
B) increase costs.
C) are the focus for problem-solving.
D) are the byproduct of the way another function is performed.
E) are used with Value Index to identify opportunities.

2. Which of the following situations are MOST appropriate for using a RACI matrix?
Choose 2 answers.

A) Communication gaps
B) Process flow
C) Validated assumptions
D) Misunderstood concepts

3. Which of the following activities should a VM Facilitator recommend decision-makers conduct prior to the disposition of VM proposals?

A) Develop the Implementation Plan
B) Further develop VM proposals
C) Resolve VM proposals
D) Review VM proposals

4. During the Creativity Phase, the VM Study Team is identifying options that are out of the scope of the study.
The Facilitator should

A) Discuss and confirm the study scope with the VM Team and study sponsor.
B) Have the group vote on adjusting the scope of the VM study.
C) Review the VM Job Plan and adjust the schedule.
D) Remind the VM Team that the suggested ideas are out of scope.

5. SWOT stands for

A) standards, weaknesses, organization, and threats.
B) strengths, weaknesses, opportunities, and threats.
C) standards, weaknesses, organization, and thresholds.
D) strengths, weaknesses, organization, and threats.

Solutions: