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SAVE International Certified Value Specialist Sample Questions:

1. Which of the following are balanced scorecard perspectives?
Choose 2 answers.

A) Innovation
B) Design
C) Cost
D) Marketing

2. Projects generally begin with basic assumptions. These can become criteria or "requirements." What should the VM study team do with these assumptions?
Choose 2 answers.

A) Challenge them with facts
B) Accept them as facts
C) Verify them
D) Replace them

3. Which of the following should be considered when preparing the VM study report?
Choose 3 answers.

A) Creating a document for those not involved in the VM study
B) Identifying non-study focus groups
C) Focusing on the typical audience of stakeholders and project managers
D) Using technical language
E) Status of the VM study subject

4. Which creativity method is based on the consideration of the overall problem and brainstorming by function?

A) Empirical Creativity Method
B) Ideation Creative Method
C) Discursive Creativity Method
D) Intuitive Creativity Method

5. 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 design is complete, but there is concern the project will not deliver an ROI.
B) 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.
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.

Solutions: