SAVE International CVS : Certified Value Specialist
- Exam Code: CVS
- Exam Name: Certified Value Specialist
- Updated: Oct 24, 2026
- Q & A: 149 Questions and Answers
About SAVE International CVS Exam Questions
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SAVE International CVS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Value Methodology Overview | - Principles of Value Engineering / Value Analysis
|
| Professional Practice Requirements | - Value study facilitation - Project documentation and reporting |
| Job Plan Phases | - Presentation Phase
|
SAVE International Certified Value Specialist Sample Questions:
Place the process for building a work breakdown structure in the correct order:
Correct Answer:
Explanation:
Step 1 - Identify the major deliverables
Step 2 - Identify major supporting activities and tasks
Step 3 - Organize and structure the deliverables
Step 4 - Assign responsibility for deliverables
Step 5 - Verify the work breakdown structure
The correct sequence begins with identifying the major deliverables because a Work Breakdown Structure is deliverable-oriented. The team must first define what must be produced before it can break the work into manageable parts. After the major deliverables are clear, the next step is to identify the major supporting activities and tasks required to complete each deliverable.
The third step is to organize and structure the deliverables into a logical hierarchy. This converts the project scope into a structured framework that can be planned, estimated, tracked, and controlled. The fourth step is to assign responsibility for deliverables , because the WBS must support accountability. Each work element should have clear ownership so that implementation actions do not remain vague or unmanaged.
The final step is to verify the work breakdown structure . Verification confirms that the WBS is complete, logical, non-duplicative, and aligned with the intended scope. In VM practice, this supports implementation planning by connecting proposals, deliverables, responsibilities, and follow-up control.
References/topics: VM Programs; Implementation Planning; Work Breakdown Structure; Deliverable Breakdown; Responsibility Assignment; Project Control.
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
Correct Answer: C 🗳️
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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
Correct Answer: A,B,E 🗳️
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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.
Correct Answer: B 🗳️
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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.
Correct Answer: A 🗳️
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