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SAVE International Certified Value Specialist Sample Questions:

1. Which type of cost is calculated for study items by multiplying the unit cost by the number of units produced per year?

A) Total costs
B) Annualized costs
C) Life-cycle costs
D) Incremental unit costs

2. There is resistance to a new VM program in an organization. What should a VM program coordinator focus on to increase acceptance of VM?

A) Explain the difference between VM and other value-improving programs (TRIZ, Lean 6-Sigma, etc.)
B) Highlight that there are many areas with deficiencies that will be improved by VM.
C) Prepare a memo for the CEO to sign that requires staff to incorporate VM in all departments.
D) Identify a few subjects that would benefit from change and recommend a VM study through dialogue with staff.

3. Which of the following are strategies for successful implementation of change?
Choose 3 answers.

A) Including large groups in decision-making
B) Evaluating the concerns of those on the receiving end of the VM study
C) Appointment of a steering committee
D) Contingency plans to overcome unforeseen resistance to change
E) Top management commitment to the implementation plan

4. What are key reasons to use a fine evaluation filter?
Choose 2 answers.

A) It increases rigor in the evaluation process.
B) It uses weighted relative importance.
C) It slows the process to promote initial ideas.
D) It allows differentiation between ideas.

5. A VM program manager has limited time available to coordinate VM studies. Rank their priorities.

Solutions: