Certified Value Specialist: CVS Exam

"Certified Value Specialist", also known as CVS exam, is a SAVE International Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 149 Q&As to your CVS Exam preparation. In the CVS exam resources, you will cover every field and category in Value Methodology Certification helping to ready you for your successful SAVE International Certification.

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  • Exam Code: CVS
  • Exam Name: Certified Value Specialist
  • Certification Provider: SAVE International
  • Corresponding Certification: Value Methodology
  • Updated: Oct 06, 2026
  • No. of Questions: 149 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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SAVE International CVS Exam Syllabus Topics:

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

                          SAVE International Certified Value Specialist Sample Questions:

                          Which of the following are specific VM facilitator tasks to be completed prior to the VM study workshop?
                          Choose 2 answers.

                          • A. Identifying functions for the VM Team's consideration
                          • B. Developing a high-level agenda to review with the client and obtaining approval
                          • C. Compile information gathered for the Information Phase
                          • D. Preparing a draft of the Implementation Phase
                          Reveal Solution  Discussion  0

                          Correct Answer: B,C  🗳️

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

                          Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?

                          • A. Recommended alternatives, list of information reviewed, and function analysis
                          • B. Executive summary, list of information reviewed, a FAST flow chart, and VM presentation
                          • C. Cover page, table of contents, executive summary, and planning documents
                          • D. Recommended alternatives, stakeholder survey, and a list of prioritized functions
                          Reveal Solution  Discussion  0

                          Correct Answer: A  🗳️

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

                          The project manager resists implementing the change approved by the decision-makers. What should the VM facilitator do?
                          Choose 2 answers.

                          • A. Identify potential threats to implementation.
                          • B. Identify additional information needed.
                          • C. Document resistance to the decision makers.
                          • D. Reassess the VM proposal.
                          Reveal Solution  Discussion  0

                          Correct Answer: A,C  🗳️

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

                          Some stakeholders disagree with their level of involvement in the VM study scope. What tool could the VM facilitator use to focus the group?

                          • A. Work breakdown structure
                          • B. Paired comparison
                          • C. SWOT analysis
                          • D. RACI matrix
                          Reveal Solution  Discussion  0

                          Correct Answer: D  🗳️

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

                          Which of the following support an organization in lessons learned from a VM study?
                          Choose 2 answers.

                          • A. Document both the successes and the challenges.
                          • B. Require changes based on specific challenges.
                          • C. Highlight the design errors and those responsible.
                          • D. Filter out any lessons that had negative impacts.
                          Reveal Solution  Discussion  0

                          Correct Answer: A,B  🗳️

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

                          925 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)

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