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SAVE International Certified Value Specialist Sample Questions:

1. Place the process for building a work breakdown structure in the correct order:

2. Which of the following are outcomes of function framing?
Choose 2 answers.

A) Allows maximum potential for divergent thinking.
B) Defines reality in a way that describes what things do and why they do them.
C) Generates solutions based on what function must be satisfied.
D) Focuses on existing solutions.

3. Subject information:
Service Life = 12 years
Fuel = $9.00 per liter
Annual kilometers driven = 40,000 kilometers
Car A: Paid $40,000 , needs batteries every two years at $600 , needs tires every two years at $1,000 , fuel efficiency = 10 kilometers per liter .
Car B: Paid $50,000 , needs tires every two years at $2,000 , fuel efficiency = 15 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?

A) $500,000
B) $84,000
C) $480,000
D) $477,000

4. A baseline design has a function cost of $120,000 and the team estimates the function worth at $80,000.
Using VI = FC ÷ FW, what is the Value Index?

A) 2.00
B) 0.67
C) 1.00
D) 1.50

5. Which of the following are reasons why the VM facilitator and VM study team members should participate in the Implementation Meeting?
Choose 3 answers

A) To address alternative VM proposals
B) To answer questions about the cost impact
C) To present the VM proposals
D) To address the level of effort required for implementation
E) To respond to technical questions about the VM proposals

Solutions: