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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

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

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

2. Which of the following are key elements of a risk register?
Choose 2 answers.

A) Performance criteria
B) Impact on the scope
C) Probability of occurrence
D) Function of the risk

3. 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?

A) 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.
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 design is complete, but there is concern the project will not deliver an ROI.

4. What is the ultimate objective of the Function Analysis Phase?

A) To classify functions.
B) To prioritize functions.
C) To organize functions.
D) To allocate resources to functions.

5. Place the process for building a work breakdown structure in the correct order:

Solutions: