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SAVE International CVS Exam Syllabus Topics:

SAVE International Certified Value Specialist Sample Questions:

1. Match each Phase with its correct question:

2. A VM study team member arrives with new information during the development of VM proposals. What should the VM facilitator do?
Choose 2 answers.

A) Assess the information with the VM team.
B) Discuss the information with the study subject program manager.
C) Disregard the information.
D) Develop a new VM proposal.

3. Place the process flow chart for the Function Performance Specification in the correct order.

4. The project team expresses uncertainty about how their tasks align with the overall objectives of the VM Job Plan. What steps should the VM facilitator take to enhance understanding of the VM Job Plan?
Choose 2 answers.

A) Establish a deadline for project members to complete their preparation.
B) Encourage a collaborative environment by pairing project and VM team members for more in-depth discussions of each other's roles.
C) Facilitate a discussion to improve their understanding of how their tasks contribute to the VM Job Plan.
D) Present the VM Job Plan in detail with minimal interaction, allowing team members to ask questions at the end.

5. 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) $84,000
B) $480,000
C) $477,000
D) $500,000

Solutions: