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SAVE International Certified Value Specialist Sample Questions:

1. During the Presentation Phase, the team leader should primarily do which of the following?

A) Document and communicate developed alternatives and value improvement opportunities
B) Replace the owner's decision-making authority
C) Generate all possible alternatives without evaluation
D) Begin random function identification

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

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

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

4. A RACI matrix identifies
Choose 3 answers.

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

5. Which of the following are inputs to the Presentation Phase?
Choose 3 answers.

A) VM study report
B) Disposition decision
C) List of participants
D) VM study subject information
E) VM proposals

Solutions: