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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following is the best method to capture the status of recommendations?

A) Provide a summary of the final dispositions in an email.
B) Audit the project to assure implementation.
C) Document the disposition of the alternatives.
D) Change the corresponding value alternatives.

2. Which of the following support an organization in lessons learned from a VM study?
Choose 2 answers.

A) Highlight the design errors and those responsible.
B) Require changes based on specific challenges.
C) Document both the successes and the challenges.
D) Filter out any lessons that had negative impacts.

3. A VM study team member arrives with new information during the development of VM proposals. What should the VM facilitator do?
Choose 2 answers.

A) Assess the information with the VM team.
B) Discuss the information with the study subject program manager.
C) Disregard the information.
D) Develop a new VM proposal.

4. A RACI matrix identifies
Choose 3 answers.

A) weighted performance attributes.
B) stakeholders required to provide feedback.
C) what reasonable information is to be provided.
D) level of stakeholder involvement in activities.
E) threats and opportunities.

5. Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?

A) $477,000
B) $84,000
C) $500,000
D) $480,000

Solutions: