SAVE International CVS : Certified Value Specialist

  • Exam Code: CVS
  • Exam Name: Certified Value Specialist
  • Updated: Aug 20, 2026
  • Q & A: 149 Questions and Answers

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SAVE International CVS Exam Syllabus Topics:

SectionObjectives
Value Methodology Overview- Principles of Value Engineering / Value Analysis
  • 1. Value definition and concepts
    • 2. Function analysis basics
      Professional Practice Requirements- Value study facilitation
      - Project documentation and reporting
      Job Plan Phases- Presentation Phase
      • 1. Stakeholder review
        • 2. Proposal presentation
          - Creative Phase
          • 1. Idea generation techniques
            - Evaluation Phase
            • 1. Idea screening and ranking
              - Function Analysis Phase
              • 1. Function identification
                • 2. FAST diagramming
                  - Development Phase
                  • 1. Cost-benefit analysis
                    • 2. Solution development
                      - Information Phase
                      • 1. Data collection and cost review
                        • 2. Project scope definition

                          SAVE International Certified Value Specialist Sample Questions:

                          1. Place the process for building a work breakdown structure in the correct order:


                          2. Innovation styles, also known as creativity types, include

                          A) Exploring, adapting, and brainstorming
                          B) Factfinding, brainstorming, and transforming
                          C) Visioning, modifying, and experimenting
                          D) Analyzing, testing, and illustrating


                          3. Which of the following are typically documented in the "accepted" VM proposal status report?
                          Choose 3 answers.

                          A) Tracking identification number
                          B) Performance impacts
                          C) Report number
                          D) VM study presentation
                          E) Next update


                          4. A VM Facilitator has been asked to propose ways to reduce the value study time commitment of client VM team members who have specialized knowledge required for the study. What should the VM Facilitator propose to best reduce the time commitments of the specialists?

                          A) Recommend VM members with specialized knowledge participate in the Creativity Phase to ensure the team understands their perspectives.
                          B) Recommend that all team members follow all the VM job plan phases to achieve value improvement.
                          C) Suggest VM team members with specialized knowledge participate in the Function Analysis Phase because it leads to creativity.
                          D) Suggest that VM team members with specialized knowledge participate in the Development Phase to ensure reasonable value proposals.


                          5. SWOT stands for

                          A) strengths, weaknesses, opportunities, and threats.
                          B) standards, weaknesses, organization, and threats.
                          C) strengths, weaknesses, organization, and threats.
                          D) standards, weaknesses, organization, and thresholds.


                          Solutions:

                          Question # 1
                          Answer: Only visible for members
                          Question # 2
                          Answer: C
                          Question # 3
                          Answer: A,B,E
                          Question # 4
                          Answer: B
                          Question # 5
                          Answer: A

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