SAVE International CVS Exam : Certified Value Specialist

SAVE International CVS exam
  • Exam Code: CVS
  • Exam Name: Certified Value Specialist
  • Updated: Aug 03, 2026
  • Q & A: 149 Questions and Answers
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SAVE International CVS Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Standards, Ethics and Application10%- Professional ethics and responsibilities
- Application in different industries and sectors
- SAVE International standards and guidelines
Topic 2: Leadership and Facilitation15%- Leading value study teams
- Stakeholder management and communication
- Workshop facilitation skills
Topic 3: Tools and Techniques20%- Function analysis system technique (FAST)
- Cost analysis and worth assessment
- Creative thinking and idea generation methods
- Decision-making and evaluation tools
Topic 4: Value Methodology Job Plan30%- Development phase
- Creative phase
- Information phase
- Function analysis phase
- Evaluation phase
- Preparation phase
- Presentation and implementation phase
Topic 5: Value Methodology Principles and Concepts25%- Definition and core concepts of Value
- Value index, function and cost relationship
- Origins, development and application scope of Value Methodology

SAVE International Certified Value Specialist Sample Questions:

1. Which of the following are the effects of increasing the duration of a VM study?
Choose 2 answers.

A) Evaluation techniques are more thoughtful
B) More VM proposals are implemented
C) Site visit duration is unchanged
D) Additional creative techniques can be used
E) Numerous FAST diagrams are constructed


2. Which of the following are balanced scorecard perspectives?
Choose 2 answers.

A) Innovation
B) Design
C) Marketing
D) Cost


3. There is resistance to a new VM program in an organization. What should a VM program coordinator focus on to increase acceptance of VM?

A) Highlight that there are many areas with deficiencies that will be improved by VM.
B) Identify a few subjects that would benefit from change and recommend a VM study through dialogue with staff.
C) Prepare a memo for the CEO to sign that requires staff to incorporate VM in all departments.
D) Explain the difference between VM and other value-improving programs (TRIZ, Lean 6-Sigma, etc.)


4. Which of the following could a VM facilitator say to stimulate creativity?
Choose 2 answers.

A) "What do you wish could have happened or had been done differently?"
B) "What does the project manager think of these ideas?"
C) "If you could do anything at all to change the study subject, what would that be?"
D) "Please wait to speak until you are called upon."


5. The project team expresses uncertainty about how their tasks align with the overall objectives of the VM Job Plan. What steps should the VM facilitator take to enhance understanding of the VM Job Plan?
Choose 2 answers.

A) Encourage a collaborative environment by pairing project and VM team members for more in-depth discussions of each other's roles.
B) Establish a deadline for project members to complete their preparation.
C) Present the VM Job Plan in detail with minimal interaction, allowing team members to ask questions at the end.
D) Facilitate a discussion to improve their understanding of how their tasks contribute to the VM Job Plan.


Solutions:

Question # 1
Answer: A,D
Question # 2
Answer: A,D
Question # 3
Answer: B
Question # 4
Answer: A,C
Question # 5
Answer: A,D

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