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SAVE International CVS Certified Value Specialist Exam Practice Test

Demo: 45 questions
Total 147 questions

Certified Value Specialist Questions and Answers

Question 1

At a VM study implementation meeting the VM facilitator is asked to make a five-minute presentation. The presentation should

Options:

A.

focus on the VM study job plan.

B.

explain how the Value Methodology works.

C.

highlight the strengths of each VM team member.

D.

demonstrate that the VM team understood objectives of the VM study.

Question 2

Which of the following play a part in effective VM Facilitation?

Choose 3 answers.

Options:

A.

Recognizing disruptive behavior is personal

B.

Belief in the group and its possibilities

C.

Familiarity of facilitation concepts and methods

D.

Practiced ability to plan appropriate group processes

E.

Technical knowledge in the subject area

Question 3

In a function, the noun can be:

Options:

A.

objective or subjective.

B.

informative or hypothetical.

C.

quantitative or qualitative.

D.

descriptive or superficial.

Question 4

When facilitating a VM study team without experience with function analysis, which of the following are effective methods to introduce the topic?

Choose 2 answers.

Options:

A.

Prepare a FAST diagram in advance of the meeting.

B.

Show the VM study team an example of function analysis.

C.

Have the VM Team identify functions of items in the room.

D.

Classify functions prior to identifying functions.

Question 5

Which of the following situations are MOST appropriate for using a RACI matrix?

Choose 2 answers.

Options:

A.

Process flow

B.

Communication gaps

C.

Validated assumptions

D.

Misunderstood concepts

Question 6

Pareto’s law of distribution can be applied to

Choose 4 answers.

Options:

A.

time.

B.

standards.

C.

quality.

D.

risk.

E.

costs.

F.

performance.

Question 7

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?

Options:

A.

$480,000

B.

$477,000

C.

$500,000

D.

$84,000

Question 8

Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.

Carpet

Installed cost, including pad = $30 / square meter

Service life = 10 years

Maintenance cost: vacuum weekly = $500 / month

Maintenance cost: shampoo once per year = $3,000 / shampoo

Vinyl

Installed cost, including pad = $10 / square meter

Service life = 15 years

Maintenance cost: vacuum weekly = $400 / month

Maintenance cost: strip and wax once per month = $1,000 / strip and wax

Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

Options:

A.

Carpet $120,000

B.

Vinyl Tile $130,000

C.

Carpet $138,000

D.

Vinyl Tile $178,000

Question 9

Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject’s impact?

Choose 2 answers

Options:

A.

Conduct a one-time survey to gather staff opinions.

B.

Set baseline criteria for measurement against future outcomes.

C.

Review the project’s budget to assess financial efficiency.

D.

Define key performance indicators that align with subject objectives.

Question 10

Which approaches should the VM facilitator use to encourage innovation?

Choose 2 answers.

Options:

A.

Maintaining current systems that work well

B.

Imagining the ideal future by focusing on long-term goals for maximizing future potential

C.

Exploring by discovering new possibilities using ideas from other areas and disciplines

D.

Avoiding the combining and testing of new combinations

Question 11

Which creativity method is based on the consideration of the overall problem and brainstorming by function?

Options:

A.

Intuitive Creativity Method

B.

Ideation Creative Method

C.

Discursive Creativity Method

D.

Empirical Creativity Method

Question 12

Which of the following are typically documented in the “accepted” VM proposal status report?

Choose 3 answers.

Options:

A.

Next update

B.

Report number

C.

VM study presentation

D.

Tracking identification number

E.

Performance impacts

Question 13

On a FAST diagram, the

Choose 3 answers.

Options:

A.

scope lines represent limits of the VM study subject.

B.

scope lines are shown as solid lines.

C.

basic function is to the immediate right of the left scope line.

D.

higher order function is to the immediate left of the left scope line.

E.

lower order function is to the immediate left of the right scope line.

Question 14

Which of the following are outcomes of function framing?

Choose 2 answers.

Options:

A.

Defines reality in a way that describes what things do and why they do them.

B.

Focuses on existing solutions.

C.

Generates solutions based on what function must be satisfied.

D.

Allows maximum potential for divergent thinking.

Question 15

The project manager resists implementing the change approved by the decision-makers. What should the VM facilitator do?

Choose 2 answers.

Options:

A.

Document resistance to the decision makers.

B.

Identify additional information needed.

C.

Identify potential threats to implementation.

D.

Reassess the VM proposal.

Question 16

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

Options:

A.

Change the corresponding value alternatives.

B.

Audit the project to assure implementation.

C.

Document the disposition of the alternatives.

D.

Provide a summary of the final dispositions in an email.

Question 17

What are effective approaches used by the VM facilitator during the Evaluation Phase?

Choose 2 answers.

Options:

A.

Recognize when the group is off-topic and redirect them.

B.

Establish a clear context for the session.

C.

Avoid discussion of additional or modified ideas.

D.

Select a single evaluation technique to be used for the process.

Question 18

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?

Options:

A.

Identify areas of instability.

B.

Repeat the VM study with new team members.

C.

Provide information only as required to reduce the potential for discomfort.

D.

Identify how to modify behaviors in the context of the new situation.

Question 19

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

Options:

A.

Document and communicate developed alternatives and value improvement opportunities

B.

Begin random function identification

C.

Generate all possible alternatives without evaluation

D.

Replace the owner’s decision-making authority

Question 20

What tool could the VM study team use to show customer satisfaction?

Options:

A.

Quality function deployment

B.

Quality management plan

C.

Customer FAST

D.

Resource model

Question 21

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?

Options:

A.

Develop a training manual for new employees on how to use the project management system, but do not include tracking procedures.

B.

Implement a weekly status update meeting where project milestones are discussed, but focus solely on outcomes without auditing the processes used.

C.

Conduct regular audits of project documents to confirm all data entries are accurate and compliant with company standards.

D.

Only review audit logs at the end of the project to assess compliance and make necessary adjustments for future projects.

Question 22

Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

Options:

A.

Carpet $120,000

B.

Vinyl Tile $130,000

C.

Carpet $138,000

D.

Vinyl Tile $178,000

Question 23

What is needed most for a successful VM program?

Options:

A.

Upper management commitment

B.

Following the VM Job Plan

C.

Having a trained staff

D.

Awareness of applicable laws and standards

Question 24

Which statement best describes a FAST diagram?

Options:

A.

A schedule network used to calculate project float

B.

A graphical model showing dependent relationships among functions

C.

A cost spreadsheet used to calculate inflation

D.

A procurement chart showing supplier lead times

Question 25

Which of the following actions would be appropriate for creating an effective evaluation framework?

Choose 2 answers.

Options:

A.

Conduct evaluations during the Creativity Phase.

B.

Define clear objectives and success criteria that align with the subject goals.

C.

Use the VM team's gut feel index.

D.

Involve stakeholders in the evaluation process.

Question 26

Which of the following are the outputs of the Presentation Phase?

Choose 2 answers.

Options:

A.

List of participants

B.

Schedule the VM presentation

C.

The VM study report

D.

List of VM proposals and results

Question 27

The VM job plan separates

Options:

A.

creative steps from analytical steps.

B.

designers from the VM Team.

C.

cost estimates from functions.

D.

project needs from functions.

Question 28

A RACI matrix identifies

Choose 3 answers.

Options:

A.

what reasonable information is to be provided.

B.

threats and opportunities.

C.

weighted performance attributes.

D.

level of stakeholder involvement in activities.

E.

stakeholders required to provide feedback.

Question 29

What does VOC stand for?

Options:

A.

Value of concepts

B.

Voice of the customer

C.

Voice of the client

D.

Value of communications

Question 30

Some stakeholders disagree with their level of involvement in the VM study scope. What tool could the VM facilitator use to focus the group?

Options:

A.

Work breakdown structure

B.

SWOT analysis

C.

RACI matrix

D.

Paired comparison

Question 31

Innovation styles, also known as creativity types, include

Options:

A.

Visioning, modifying, and experimenting

B.

Exploring, adapting, and brainstorming

C.

Factfinding, brainstorming, and transforming

D.

Analyzing, testing, and illustrating

Question 32

A function performance specification:

Choose 3 answers.

Options:

A.

accurately identifies requirements specific to functions.

B.

puts parameters on VM team options.

C.

defines constraints on designers.

D.

communicates customer performance wants and needs.

E.

assists in uncovering hidden assumptions.

Question 33

Which behavior best reflects the proper role of a VM facilitator?

Options:

A.

Directing the team to select the facilitator’s preferred technical solution

B.

Remaining substantively neutral while guiding the team through the Job Plan

C.

Acting as the owner’s cost estimator only

D.

Eliminating stakeholder disagreement before function analysis begins

Question 34

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

Options:

A.

Explain the difference between VM and other value-improving programs (TRIZ, Lean 6-Sigma, etc.)

B.

Highlight that there are many areas with deficiencies that will be improved by VM.

C.

Prepare a memo for the CEO to sign that requires staff to incorporate VM in all departments.

D.

Identify a few subjects that would benefit from change and recommend a VM study through dialogue with staff.

Question 35

A higher-order function

Choose 2 answers.

Options:

A.

represents specific needs satisfied by the basic function.

B.

describes the output of the basic function.

C.

is fundamental to the subject scope.

D.

describes input for the basic function.

Question 36

Which of the following could a VM facilitator say to stimulate creativity?

Choose 2 answers.

Options:

A.

“What does the project manager think of these ideas?”

B.

“What do you wish could have happened or had been done differently?”

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.”

Question 37

When is the most appropriate time to acquire information from the customer?

Options:

A.

As the VM study is beginning

B.

During the final presentation

C.

Before the VM study begins

D.

During conceptual development

Question 38

Who typically relates value directly to the functions they are trying to acquire?

Options:

A.

Decision makers

B.

Design team

C.

Users

D.

Customers

Question 39

What are key reasons to use a fine evaluation filter?

Choose 2 answers.

Options:

A.

It uses weighted relative importance.

B.

It slows the process to promote initial ideas.

C.

It increases rigor in the evaluation process.

D.

It allows differentiation between ideas.

Question 40

The main objective of the Information Phase is to

Options:

A.

begin to determine alternative solutions.

B.

review and understand the available project information.

C.

develop a VM Study Team Information Workbook.

D.

enlist additional VM team members.

Question 41

What should the VM facilitator consider for the title of a VM proposal?

Choose 2 answers.

Options:

A.

Using a concise description of the proposal

B.

Using specific technical language

C.

Framing the title to help sell the concept

D.

Using general non-specific jargon

Question 42

Which of the following are inputs to the Presentation Phase?

Choose 3 answers.

Options:

A.

Disposition decision

B.

VM study subject information

C.

List of participants

D.

VM study report

E.

VM proposals

Question 43

Match the following to their appropriate “How” direction on the function logic path for the prescription eyeglasses:

Options:

Question 44

Which of the following are typically documented on an Implementation Form?

Choose 3 answers.

Options:

A.

Creative idea list

B.

VM proposal number

C.

Risk impacts

D.

Title of the VM proposal

E.

Developer of the VM proposal

Question 45

Match the statements that best identify a FAST diagram and flowchart.

Options:

Demo: 45 questions
Total 147 questions