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Exam Code: CVS
Exam Name: Certified Value Specialist
Updated: Aug 06, 2026
Q & A: 149 Questions and Answers
CVS Free Demo download
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Standards, Ethics and Application | 10% | - Application in different industries and sectors - Professional ethics and responsibilities - SAVE International standards and guidelines |
| Topic 2: Leadership and Facilitation | 15% | - Leading value study teams - Workshop facilitation skills - Stakeholder management and communication |
| Topic 3: Value Methodology Job Plan | 30% | - Presentation and implementation phase - Function analysis phase - Development phase - Preparation phase - Evaluation phase - Information phase - Creative phase |
| Topic 4: Tools and Techniques | 20% | - Creative thinking and idea generation methods - Cost analysis and worth assessment - Decision-making and evaluation tools - Function analysis system technique (FAST) |
| Topic 5: Value Methodology Principles and Concepts | 25% | - Definition and core concepts of Value - Value index, function and cost relationship - Origins, development and application scope of Value Methodology |
1. 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 kilometer per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
What is the annual cost for Car C for the service life of the vehicle?
A) $216,000
B) $18,000
C) $198,000
D) $36,000
2. 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 kilometer per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .
What are the repair and replacement costs for Car B for the service life of the vehicle?
A) $6,000
B) $12,000
C) $4,000
D) $10,000
3. SWOT stands for
A) standards, weaknesses, organization, and threats.
B) standards, weaknesses, organization, and thresholds.
C) strengths, weaknesses, opportunities, and threats.
D) strengths, weaknesses, organization, and threats.
4. Which of the following activities should a VM Facilitator recommend decision-makers conduct prior to the disposition of VM proposals?
A) Review VM proposals
B) Further develop VM proposals
C) Develop the Implementation Plan
D) Resolve VM proposals
5. Function analysis is used to
Choose 2 answers.
A) create a collaborative environment.
B) identify improvements.
C) provide a new understanding of the project.
D) assist individuals with a technical background.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B,C |
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