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SAVE International Certified Value Specialist Sample Questions:

1. Which activities promote innovation by the VM team during the Creativity Phase?
Choose 2 answers.

A) Envisioning the ideal
B) Testing old combinations
C) Maintaining existing solutions
D) Modifying what currently exists

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

3. Which of the following are effective ways to create a good team-building atmosphere in the Creativity Phase?
Choose 2 answers.

A) Be selective recording ideas
B) Limit each team member to five ideas
C) Encourage all team members to participate
D) Defer judgment of ideas to the Evaluation Phase

4. The VM job plan separates

A) project needs from functions.
B) designers from the VM Team.
C) cost estimates from functions.
D) creative steps from analytical steps.

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

Solutions: