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SAVE International Certified Value Specialist Sample Questions:

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

A) Open discussions with the group
B) Ask the group to leave
C) Ignore potential threats to the group
D) Engage the other VM team members

2. Unwanted functions
Choose 3 answers.

A) degrade performance.
B) increase costs.
C) are the focus for problem-solving.
D) are the byproduct of the way another function is performed.
E) are used with Value Index to identify opportunities.

3. Which of the following strategies should be employed to enhance the VM study presentation?
Choose 2 answers.

A) Design the presentation in a complex format.
B) Utilize visuals such as charts and graphs.
C) Include a summary of key points to reinforce the message.
D) Provide handouts with detailed technical specifications.

4. The main objective of the Information Phase is to

A) begin to determine alternative solutions.
B) enlist additional VM team members.
C) develop a VM Study Team Information Workbook.
D) review and understand the available project information.

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 kilometer per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
What is the annual cost for Car C for the service life of the vehicle?

A) $18,000
B) $216,000
C) $36,000
D) $198,000

Solutions: