SAVE International Certified Value Specialist - CVS Free Exam Questions

QUESTION NO: 1
Which of the following support an organization in lessons learned from a VM study?
Choose 2 answers.

Correct Answer: C,D Vote an answer
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QUESTION NO: 2
Pareto's law of distribution can be applied to
Choose 4 answers.

Correct Answer: B,C,E,F Vote an answer
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QUESTION NO: 3
Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

Correct Answer: C Vote an answer
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QUESTION NO: 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?

Correct Answer: C Vote an answer
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QUESTION NO: 5
One member of the group is dominating the discussions. What approach should the VM Facilitator use to engage the group?

Correct Answer: A Vote an answer
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QUESTION NO: 6
Which of the following are typically documented in the "accepted" VM proposal status report?
Choose 3 answers.

Correct Answer: A,C,D Vote an answer
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QUESTION NO: 7
A well-managed VM program will include a process
Choose 2 answers.

Correct Answer: B,D Vote an answer
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QUESTION NO: 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?

Correct Answer: C Vote an answer
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QUESTION NO: 9
What is the most appropriate description of the Information Phase?

Correct Answer: A Vote an answer
QUESTION NO: 10
What is the ultimate objective of the Function Analysis Phase?

Correct Answer: B Vote an answer
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