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SAVE International Certified Value Specialist Sample Questions:

1. Match the statements that best identify a FAST diagram and flowchart.

2. Which of the following are the purposes of function analysis?
Choose 4 answers.

A) Communicate ideas
B) Identify opportunities
C) Stimulate communication
D) Create opportunities
E) Expand knowledge
F) Change viewpoints

3. Pareto's law of distribution can be applied to
Choose 4 answers.

A) risk.
B) time.
C) quality.
D) standards.
E) performance.
F) costs.

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

5. Which of the following are fine filter actions a VM study team can take to evaluate ideas?
Choose 2 answers.

A) Gather team feedback on all ideas without discussion.
B) Align each idea with the subject study goals.
C) Conduct a SWOT analysis for each idea.
D) Rank the ideas based on estimated costs.

Solutions: