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SAVE International CVS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Value Methodology Core Competencies | - Value Methodology Foundations
- Value Concept
- Advanced VM Practice (Leadership-level application) - Function Analysis - VM Facilitation and Leadership |
SAVE International Certified Value Specialist Sample Questions:
What is the most appropriate description of the Information Phase?
- A. Confirm timing of Job Plan phases with the customer
- B. Gather, organize, review, and transform data collected
- C. Make sure management agrees with the topic being studied
- D. Collect and restructure data to support the function analysis phase
Correct Answer: B 🗳️
Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject's impact?
Choose 2 answers
- A. Conduct a one-time survey to gather staff opinions.
- B. Set baseline criteria for measurement against future outcomes.
- C. Define key performance indicators that align with subject objectives.
- D. Review the project's budget to assess financial efficiency.
Correct Answer: B,C 🗳️
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Which of the following is the most commonly used technique to identify functions?
- A. Random Words
- B. Mind Mapping
- C. Random Function Identification
- D. FAST
Correct Answer: C 🗳️
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A well-managed VM program will include a process
Choose 2 answers.
- A. to guarantee a return on investment from each VM study.
- B. for selecting subjects for VM studies.
- C. that requires a VM study on each subject.
- D. for identifying when a VM study should be applied to a subject.
Correct Answer: B,D 🗳️
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A VM program manager has limited time available to coordinate VM studies. Rank their priorities.
Correct Answer:
Explanation:
1st: Selecting Subjects for VM Studies
2nd: Study Preparation and Team Selection
3rd: Study Implementation and Reporting
4th: Attending VM Studies
The correct priority order reflects the highest-leverage responsibilities of a VM Program Manager. The first priority is selecting subjects for VM studies because the program's value depends on choosing projects with meaningful improvement potential, management relevance, and timing suitable for influence. SAVE's Value Methodology Standard identifies a typical duty of the value program unit as selecting projects for VM study, obtaining approval, and securing team members.
The second priority is study preparation and team selection . A VM study can fail before the workshop begins if scope, data, logistics, and team composition are weak. The Standard specifically requires team composition to be reviewed so customer, technical, and management areas are represented, and the team leader confirms schedule, location, support needs, and data-gathering assignments.
The third priority is study implementation and reporting , because accepted proposals must be tracked and benefits verified. SAVE guidance assigns the value program unit responsibility for progress reporting and monitoring implementation of accepted VM proposals. Attending VM studies is lowest because personal attendance is less critical than governance, study selection, preparation, and implementation control.
References/topics: VM Programs; Value Program Manager Responsibilities; Study Selection; Team Selection; Implementation Tracking and Reporting.
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