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SAVE International CVS Exam Overview:

Certification Vendor:SAVE International
Exam Name:Certified Value Specialist (CVS)
Exam Number:CVS
Available Languages:English
Related Certifications:Associate Value Specialist (AVS)
Value Methodology (VM) Workshop Certification
Exam Format:Workshop completion, Project / case study based assessment, Value methodology job plan application review
Sample Questions:SAVE International CVS Sample Questions
Exam Way:Workshop-based training plus project/case study evaluation and certification approval by SAVE International
Pre Condition:Completion of SAVE International approved Value Methodology workshop and submission/approval of a value study project
Official Syllabus URL:https://www.value-eng.org

SAVE International CVS Exam Syllabus Topics:

SectionObjectives
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
                  - Presentation Phase
                  • 1. Proposal presentation
                    • 2. Stakeholder review
                      - Function Analysis Phase
                      • 1. FAST diagramming
                        • 2. Function identification
                          Professional Practice Requirements- Value study facilitation
                          - Project documentation and reporting

                          Your SAVE International CVS Exam Questions, Answered

                          The SAVE International CVS exam, officially titled Certified Value Specialist, is the required test for earning the Value Methodology certification, a credential at the Professional level. Passing it validates the skills SAVE International expects from certified professionals, and it can also support progress toward related credentials such as Value Methodology (VM) Workshop Certification, Associate Value Specialist (AVS).

                          SAVE International asks candidates to meet the following requirement before registering: Completion of SAVE International approved Value Methodology workshop and submission/approval of a value study project. Exam policies do change, so confirm the latest details on the official exam page at https://www.value-eng.org before you book.

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                          The SAVE International Certified Value Specialist exam is organized into 3 major domains. Some of the key domains include:

                          • Value Methodology Overview
                          • Professional Practice Requirements
                          • Job Plan Phases

                          Scroll up to the Exam Topics section for the complete breakdown, and use it to plan how much study time each domain deserves.

                          SAVE International Certified Value Specialist Sample Questions:

                          Question 1

                          A team wants to skip Function Analysis because the design solution already appears obvious. What is the best CVS-level response?

                          A. Replace Function Analysis with procurement benchmarking only
                          B. Perform Function Analysis because it is essential to a valid VM study
                          C. Agree, because Function Analysis is optional when experts are present
                          D. Skip directly to Development to save time


                          Question 2

                          During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?

                          A. Implement a weekly status update meeting where project milestones are discussed, but focus solely on outcomes without auditing the processes used.
                          B. Conduct regular audits of project documents to confirm all data entries are accurate and compliant with company standards.
                          C. Only review audit logs at the end of the project to assess compliance and make necessary adjustments for future projects.
                          D. Develop a training manual for new employees on how to use the project management system, but do not include tracking procedures.


                          Question 3

                          Innovation styles, also known as creativity types, include

                          A. Visioning, modifying, and experimenting
                          B. Exploring, adapting, and brainstorming
                          C. Factfinding, brainstorming, and transforming
                          D. Analyzing, testing, and illustrating


                          Question 4

                          Which of the following strategies should be employed to enhance the VM study presentation?
                          Choose 2 answers.

                          A. Design the presentation in a complex format.
                          B. Include a summary of key points to reinforce the message.
                          C. Utilize visuals such as charts and graphs.
                          D. Provide handouts with detailed technical specifications.


                          Question 5

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

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


                          Solutions:

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

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