SAVE International CVS Exam : Certified Value Specialist

  • Exam Code: CVS
  • Exam Name: Certified Value Specialist
  • Updated: Oct 12, 2026
  • Q & A: 149 Questions and Answers

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About SAVE International CVS Exam Questions

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SAVE International CVS Exam Syllabus Topics:

SectionObjectives
Topic 1: Job Plan Phases- Development Phase
  • 1. Solution development
    • 2. Cost-benefit analysis
      - Creative Phase
      • 1. Idea generation techniques
        - Presentation Phase
        • 1. Stakeholder review
          • 2. Proposal presentation
            - Evaluation Phase
            • 1. Idea screening and ranking
              - Information Phase
              • 1. Data collection and cost review
                • 2. Project scope definition
                  - Function Analysis Phase
                  • 1. FAST diagramming
                    • 2. Function identification
                      Topic 2: Professional Practice Requirements- Value study facilitation
                      - Project documentation and reporting
                      Topic 3: Value Methodology Overview- Principles of Value Engineering / Value Analysis
                      • 1. Value definition and concepts
                        • 2. Function analysis basics

                          SAVE International Certified Value Specialist Sample Questions:

                          Question #1

                          Which of the following are balanced scorecard perspectives?
                          Choose 2 answers.

                          • A. Marketing
                          • B. Cost
                          • C. Innovation
                          • D. Design
                          Reveal Solution  Discussion  0

                          Correct Answer: B,C  🗳️

                          Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                          Question #2

                          Which of the following strategies should be used to enhance understanding of VM proposals presented during the Presentation Phase?
                          Choose 2 answers.

                          • A. Include as many graphics as possible to showcase creativity.
                          • B. Use baseline and proposed graphics at a similar level of complexity.
                          • C. Rely solely on the graphics without verbal explanations.
                          • D. Provide clear explanations and context for each graphic presented.
                          Reveal Solution  Discussion  0

                          Correct Answer: B,D  🗳️

                          Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                          Question #3

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

                          • A. Create opportunities
                          • B. Change viewpoints
                          • C. Communicate ideas
                          • D. Expand knowledge
                          • E. Identify opportunities
                          • F. Stimulate communication
                          Reveal Solution  Discussion  0

                          Correct Answer: B,D,E,F  🗳️

                          Question #4

                          Which of the following are typically documented on an Implementation Form?
                          Choose 3 answers.

                          • A. Risk impacts
                          • B. Developer of the VM proposal
                          • C. VM proposal number
                          • D. Title of the VM proposal
                          • E. Creative idea list
                          Reveal Solution  Discussion  0

                          Correct Answer: B,C,D  🗳️

                          Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                          Question #5

                          Which of the following are the effects of increasing the duration of a VM study?
                          Choose 2 answers.

                          • A. Site visit duration is unchanged
                          • B. Numerous FAST diagrams are constructed
                          • C. Evaluation techniques are more thoughtful
                          • D. Additional creative techniques can be used
                          • E. More VM proposals are implemented
                          Reveal Solution  Discussion  0

                          Correct Answer: C,D  🗳️

                          Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

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