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SAVE International Certified Value Specialist Sample Questions:

1. A VM program's standard operating procedures should include

A) a required number of creative ideas to be generated in a study.
B) how subjects for VM studies are identified.
C) a listing of standard functions to be included in a VM study.
D) a requirement that each VM team member be independent from the development team.

2. Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

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

3. A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?

A) 1.50
B) 0.67
C) 2.00
D) 1.00

4. 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) Have the VM team member complete the VM proposal.
C) Disregard the VM proposal.
D) Document the reasons for not meeting the goals.

5. What should the VM facilitator primarily consider when guiding discussion on which VM proposals to present when time is limited?
Choose 2 answers.

A) The relative risk of each proposal
B) Easily implemented proposals
C) Proposals that provide the greatest benefit
D) Proposals with low-cost impact

Solutions: