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SAVE International Certified Value Specialist Sample Questions:

1. Which statement best describes the Implementation Phase?

A) It converts accepted value proposals into executed changes and tracks results
B) It is where all unselected ideas are formally approved
C) It occurs before the Information Phase to collect user attitudes
D) It is identical to the Creativity Phase

2. A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?

A) The subject is similar to a previous project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.
B) The subject design is complete, but there is concern the project will not deliver an ROI.
C) The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.
D) The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.

3. After reviewing the VM study results, the decision-makers take no action. What strategies could the VM facilitator use to engage the group?
Choose 2 answers.

A) Maintain involvement at lower level of management.
B) Discuss allocating time and resources to implement the change.
C) Provide only the necessary information with respect to the change.
D) Build a support network by developing a detailed Implementation Plan.

4. A company wants to add a new product to its manufacturing process. Who should provide input as this new product will affect the current manufacturing process?
Choose 3 answers.

A) Marketing
B) Maintenance
C) Human resources
D) Production
E) Engineering

5. Which of the following considerations should be included in the Implementation Plan for each of the accepted VM proposals?
Choose 3 answers.

A) Schedule
B) New Proposals
C) Implementation costs
D) VM Team involvement
E) Responsibility

Solutions: