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SAVE International Certified Value Specialist Sample Questions:

1. Pareto's law of distribution can be applied to
Choose 4 answers.

A) costs.
B) performance.
C) risk.
D) time.
E) standards.
F) quality.

2. SMART stands for

A) Standards, Measureable, Attainable, Reasonable, and Timebound.
B) Standards, Measureable, Accountable, Relevant, and Timebound.
C) Specific, Measureable, Attainable, Reasonable, and Timebound.
D) Specific, Measureable, Accountable, Relevant, and Timebound.
E) Standards, Measureable, Attainable, Relevant, and Timebound.
F) Specific, Measureable, Attainable, Relevant, and Timebound.

3. A VM study team member determined that the VM proposal will not meet the goals of the study subject.
What should the VM facilitator do?
Choose 2 answers.

A) Review the results with the stakeholders.
B) Document the reasons for not meeting the goals.
C) Disregard the VM proposal.
D) Have the VM team member complete the VM proposal.

4. What should the VM facilitator consider for the presentation format?
Choose 2 answers

A) The technical experience of the audience
B) The type of PowerPoint presentation
C) Presentation environment and location
D) Who should present VM proposals

5. Which of the following are the purposes of function analysis?
Choose 4 answers.

A) Expand knowledge
B) Change viewpoints
C) Communicate ideas
D) Identify opportunities
E) Stimulate communication
F) Create opportunities

Solutions: