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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following strategies should be used to enhance understanding of VM proposals presented during the Presentation Phase?
Choose 2 answers.

A) Rely solely on the graphics without verbal explanations.
B) Use baseline and proposed graphics at a similar level of complexity.
C) Include as many graphics as possible to showcase creativity.
D) Provide clear explanations and context for each graphic presented.

2. Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installed 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
Installed 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 Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

A) Carpet $138,000
B) Vinyl Tile $130,000
C) Vinyl Tile $178,000
D) Carpet $120,000

3. A VM study team struggles to reach consensus while evaluating an idea during the Evaluation Phase. Which approaches should the VM facilitator use?
Choose 3 answers.

A) Restart the evaluation process.
B) Ask for more information about the idea.
C) Have the team modify the title of the idea.
D) Ensure each team member has provided their input.
E) Remove the idea from further consideration.

4. SWOT stands for

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

5. In VM, the basic function of a product, project, or process answers which question?

A) How quickly can it be procured?
B) What does it cost?
C) Who designed it?
D) What must it do?

Solutions: