SAVE International Certified Value Specialist : CVS

  • Exam Code: CVS
  • Exam Name: Certified Value Specialist
  • Updated: Aug 02, 2026
  • Q&As: 149 Questions and Answers

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SAVE International CVS Value Pack (Frequently Bought Together)

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Value Pack Total: $179.94  $79.98

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SAVE International CVS Exam Syllabus Topics:

SectionObjectives
Professional Practice Requirements- Value study facilitation
- Project documentation and reporting
Job Plan Phases- Function Analysis Phase
  • 1. FAST diagramming
    • 2. Function identification
      - Development Phase
      • 1. Cost-benefit analysis
        • 2. Solution development
          - Creative Phase
          • 1. Idea generation techniques
            - Information Phase
            • 1. Project scope definition
              • 2. Data collection and cost review
                - Presentation Phase
                • 1. Stakeholder review
                  • 2. Proposal presentation
                    - Evaluation Phase
                    • 1. Idea screening and ranking
                      Value Methodology Overview- Principles of Value Engineering / Value Analysis
                      • 1. Value definition and concepts
                        • 2. Function analysis basics

                          SAVE International Certified Value Specialist Sample Questions:

                          1. The main objective of the Information Phase is to

                          A) begin to determine alternative solutions.
                          B) enlist additional VM team members.
                          C) review and understand the available project information.
                          D) develop a VM Study Team Information Workbook.


                          2. Unwanted functions
                          Choose 3 answers.

                          A) degrade performance.
                          B) are used with Value Index to identify opportunities.
                          C) increase costs.
                          D) are the focus for problem-solving.
                          E) are the byproduct of the way another function is performed.


                          3. Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?

                          A) Cover page, table of contents, executive summary, and planning documents
                          B) Recommended alternatives, stakeholder survey, and a list of prioritized functions
                          C) Executive summary, list of information reviewed, a FAST flow chart, and VM presentation
                          D) Recommended alternatives, list of information reviewed, and function analysis


                          4. What is the correct order for the management of change stages?

                          A) Adaptation to change, acknowledgement, defensive retreat, shock
                          B) Acknowledgement, shock, defensive retreat, adaptation to change
                          C) Defensive retreat, shock, acknowledgement, adaptation to change
                          D) Shock, defensive retreat, acknowledgement, adaptation to change


                          5. Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?

                          A) Total costs
                          B) Annualized costs
                          C) Life-cycle costs
                          D) Incremental unit costs


                          Solutions:

                          Question # 1
                          Answer: C
                          Question # 2
                          Answer: A,C,E
                          Question # 3
                          Answer: D
                          Question # 4
                          Answer: D
                          Question # 5
                          Answer: B

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