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SAVE International Value Methodology CVS

CVS

Exam Code: CVS

Exam Name: Certified Value Specialist

Updated: Aug 10, 2026

Q & A: 149 Questions and Answers

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SAVE International CVS Exam Syllabus Topics:

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

                          SAVE International Certified Value Specialist Sample Questions:

                          1. The decision makers cling to familiar ways and reject all the VM proposals. What strategy could the VM facilitator use to persuade them to reconsider their decisions?

                          A) Identify areas of instability.
                          B) Provide information only as required to reduce the potential for discomfort.
                          C) Repeat the VM study with new team members.
                          D) Identify how to modify behaviors in the context of the new situation.


                          2. Which statement best describes the Implementation Phase?

                          A) It is where all unselected ideas are formally approved
                          B) It is identical to the Creativity Phase
                          C) It converts accepted value proposals into executed changes and tracks results
                          D) It occurs before the Information Phase to collect user attitudes


                          3. Which of the following activities should be prioritized during the Evaluation Phase to analyze the subject's impact?
                          Choose 2 answers

                          A) Set baseline criteria for measurement against future outcomes.
                          B) Define key performance indicators that align with subject objectives.
                          C) Review the project's budget to assess financial efficiency.
                          D) Conduct a one-time survey to gather staff opinions.


                          4. Function analysis is used to
                          Choose 2 answers.

                          A) provide a new understanding of the project.
                          B) identify improvements.
                          C) create a collaborative environment.
                          D) assist individuals with a technical background.


                          5. What is the expected output or deliverable of the Information Phase?

                          A) Identification of value improvement opportunities
                          B) Thorough understanding of the study subject
                          C) Recommended value improvement proposals
                          D) Definition of study subject functions


                          Solutions:

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

                          CVS Related Exams
                          VMA - Value Methodology Associate
                          CVS - Certified Value Specialist
                          Related Certifications
                          Value Methodology
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