SAVE International Certified Value Specialist : CVS

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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject's impact?
Choose 2 answers

A) Define key performance indicators that align with subject objectives.
B) Review the project's budget to assess financial efficiency.
C) Set baseline criteria for measurement against future outcomes.
D) Conduct a one-time survey to gather staff opinions.

2. Which statement best describes a FAST diagram?

A) A schedule network used to calculate project float
B) A procurement chart showing supplier lead times
C) A graphical model showing dependent relationships among functions
D) A cost spreadsheet used to calculate inflation

3. On the Function Logic Path, how do prescription eyeglasses correct vision?

A) Secure position
B) Minimize weight
C) Improve durability
D) Align focus

4. During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?

A) Only review audit logs at the end of the project to assess compliance and make necessary adjustments for future projects.
B) Conduct regular audits of project documents to confirm all data entries are accurate and compliant with company standards.
C) Develop a training manual for new employees on how to use the project management system, but do not include tracking procedures.
D) Implement a weekly status update meeting where project milestones are discussed, but focus solely on outcomes without auditing the processes used.

5. The decision makers cling to familiar ways and reject all the VM proposals. What strategy could the VM facilitator use to persuade them to reconsider their decisions?

A) Identify how to modify behaviors in the context of the new situation.
B) Repeat the VM study with new team members.
C) Provide information only as required to reduce the potential for discomfort.
D) Identify areas of instability.

Solutions: