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SAVE International Certified Value Specialist Sample Questions:

1. When a higher discount rate is used to calculate life cycle costs, which change occurs to the value of money over time?

A) The discount rate is not needed.
B) There is no change.
C) The life cycle cost is increased.
D) The life cycle cost is reduced.

2. When facilitating a VM study team without experience with function analysis, which of the following are effective methods to introduce the topic?
Choose 2 answers.

A) Show the VM study team an example of function analysis.
B) Have the VM Team identify functions of items in the room.
C) Prepare a FAST diagram in advance of the meeting.
D) Classify functions prior to identifying functions.

3. What are effective approaches used by the VM facilitator during the Evaluation Phase?
Choose 2 answers.

A) Recognize when the group is off-topic and redirect them.
B) Avoid discussion of additional or modified ideas.
C) Select a single evaluation technique to be used for the process.
D) Establish a clear context for the session.

4. Which is the least appropriate information to include in the Presentation?

A) Expected implementation decisions
B) VM study scope and goals
C) Recognition of VM study contributors
D) Recommended proposals

5. Which of the following are inputs to the Presentation Phase?
Choose 3 answers.

A) Disposition decision
B) VM study report
C) List of participants
D) VM study subject information
E) VM proposals

Solutions: