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Last Updated: Aug 30, 2026
No. of Questions: 149 Questions & Answers with Testing Engine
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SAVE International CVS Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Value Methodology Principles and Concepts | 25% | - Origins, development and application scope of Value Methodology - Definition and core concepts of Value - Value index, function and cost relationship |
| Topic 2: Tools and Techniques | 20% | - Decision-making and evaluation tools - Function analysis system technique (FAST) - Creative thinking and idea generation methods - Cost analysis and worth assessment |
| Topic 3: Value Methodology Job Plan | 30% | - Information phase - Creative phase - Function analysis phase - Development phase - Evaluation phase - Presentation and implementation phase - Preparation phase |
| Topic 4: Leadership and Facilitation | 15% | - Stakeholder management and communication - Leading value study teams - Workshop facilitation skills |
| Topic 5: Standards, Ethics and Application | 10% | - SAVE International standards and guidelines - Application in different industries and sectors - Professional ethics and responsibilities |
SAVE International Certified Value Specialist Sample Questions:
Question 1
Which of the following are typically documented in the "accepted" VM proposal status report?
Choose 3 answers.
A. Performance impacts
B. Report number
C. Tracking identification number
D. VM study presentation
E. Next update
Question 2
Which of the following activities should a VM Facilitator recommend decision-makers conduct prior to the disposition of VM proposals?
A. Develop the Implementation Plan
B. Resolve VM proposals
C. Review VM proposals
D. Further develop VM proposals
Question 3
Which of the following are techniques the VM facilitator might use for a VM study team that is having difficulty completing the FAST diagram?
Choose 2 answers.
A. Review level of abstraction
B. Reorganize the functions for the VM study team
C. Make sure all identified functions are used
D. Ask the VM study team if a function is missing
Question 4
When a higher discount rate is used to calculate life cycle costs, which change occurs to the value of money over time?
A. The life cycle cost is increased.
B. The life cycle cost is reduced.
C. There is no change.
D. The discount rate is not needed.
Question 5
A team wants to skip Function Analysis because the design solution already appears obvious. What is the best CVS-level response?
A. Perform Function Analysis because it is essential to a valid VM study
B. Skip directly to Development to save time
C. Replace Function Analysis with procurement benchmarking only
D. Agree, because Function Analysis is optional when experts are present
Solutions:
| Question 1 Answer: A,C,E | Question 2 Answer: C | Question 3 Answer: A,D | Question 4 Answer: B | Question 5 Answer: A |
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