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Free SAVE International CVS Practice Exam with Questions & Answers | Set: 3

Questions 21

A small group within the VM team is sitting silently and won’t engage. What should the VM facilitator do?

Options:
A.

Ask the group to leave

B.

Open discussions with the group

C.

Ignore potential threats to the group

D.

Engage the other VM team members

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Questions 22

Lower-order functions are

Choose 2 answers.

Options:
A.

referred to as “assumed” functions.

B.

located outside of the right scope line.

C.

an output of the VM Study.

D.

generally determined by the customer.

Questions 23

At a VM study implementation meeting the VM facilitator is asked to make a five-minute presentation. The presentation should

Options:
A.

focus on the VM study job plan.

B.

explain how the Value Methodology works.

C.

highlight the strengths of each VM team member.

D.

demonstrate that the VM team understood objectives of the VM study.

Questions 24

A higher-order function

Choose 2 answers.

Options:
A.

represents specific needs satisfied by the basic function.

B.

describes the output of the basic function.

C.

is fundamental to the subject scope.

D.

describes input for the basic function.

Questions 25

Which of the following are typically documented in the “accepted” VM proposal status report?

Choose 3 answers.

Options:
A.

Next update

B.

Report number

C.

VM study presentation

D.

Tracking identification number

E.

Performance impacts

Questions 26

A well-managed VM program will include a process

Choose 2 answers.

Options:
A.

for selecting subjects for VM studies.

B.

to guarantee a return on investment from each VM study.

C.

for identifying when a VM study should be applied to a subject.

D.

that requires a VM study on each subject.

Questions 27

Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?

Options:
A.

Cover page, table of contents, executive summary, and planning documents

B.

Recommended alternatives, stakeholder survey, and a list of prioritized functions

C.

Recommended alternatives, list of information reviewed, and function analysis

D.

Executive summary, list of information reviewed, a FAST flow chart, and VM presentation

Questions 28

When is the most appropriate time to acquire information from the customer?

Options:
A.

As the VM study is beginning

B.

During the final presentation

C.

Before the VM study begins

D.

During conceptual development

Questions 29

A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?

Options:
A.

The subject design is complete, but there is concern the project will not deliver an ROI.

B.

The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.

C.

The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.

D.

The subject is similar to a previous project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.

Questions 30

What is the correct order for the management of change stages?

Options:
A.

Adaptation to change, acknowledgement, defensive retreat, shock

B.

Acknowledgement, shock, defensive retreat, adaptation to change

C.

Defensive retreat, shock, acknowledgement, adaptation to change

D.

Shock, defensive retreat, acknowledgement, adaptation to change

Exam Code: CVS
Certification Provider: SAVE International
Exam Name: Certified Value Specialist
Last Update: Jun 21, 2026
Questions: 147

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