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SAVE International Certified Value Specialist Sample Questions:

1. What are key reasons to use a fine evaluation filter?
Choose 2 answers.

A) It slows the process to promote initial ideas.
B) It allows differentiation between ideas.
C) It increases rigor in the evaluation process.
D) It uses weighted relative importance.

2. 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?

A) Carpet $120,000
B) Vinyl Tile $130,000
C) Vinyl Tile $178,000
D) Carpet $138,000

3. There is resistance to a new VM program in an organization. What should a VM program coordinator focus on to increase acceptance of VM?

A) Prepare a memo for the CEO to sign that requires staff to incorporate VM in all departments.
B) Identify a few subjects that would benefit from change and recommend a VM study through dialogue with staff.
C) Explain the difference between VM and other value-improving programs (TRIZ, Lean 6-Sigma, etc.)
D) Highlight that there are many areas with deficiencies that will be improved by VM.

4. What does VOC stand for?

A) Voice of the client
B) Voice of the customer
C) Value of concepts
D) Value of communications

5. The decision-makers agreed to implement a VM proposal requiring an organizational change. What should be done to improve success?
Choose 2 answers.

A) Appoint an oversight committee
B) Strictly define the implementation plan
C) Encourage participation by those affected by the change
D) Hire a change management consultant

Solutions: