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SAVE International CVS - Certified Value Specialist

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Total 147 questions

What is the correct order for the management of change stages?

A.

Adaptation to change, acknowledgement, defensive retreat, shock

B.

Acknowledgement, shock, defensive retreat, adaptation to change

C.

Defensive retreat, shock, acknowledgement, adaptation to change

D.

Shock, defensive retreat, acknowledgement, adaptation to change

Which of the following is information that is typically documented for “conditionally accepted” VM proposals during the Implementation Meeting?

Choose 3 answers.

A.

Timing of the final decision

B.

Grammar changes to the VM proposals

C.

VM team disagreements

D.

Action required

E.

Responsibilities

Which factors influence the scheduling of the presentation at the end of the VM study workshop?

Choose 2 answers.

A.

Size of the VM team

B.

Number of participants

C.

Level of management involvement

D.

Number of VM proposals developed

When facilitating a VM study team without experience with function analysis, which of the following are effective methods to introduce the topic?

Choose 2 answers.

A.

Prepare a FAST diagram in advance of the meeting.

B.

Show the VM study team an example of function analysis.

C.

Have the VM Team identify functions of items in the room.

D.

Classify functions prior to identifying functions.

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.

$10,000

D.

$4,000

A company wants to add a new product to its manufacturing process. Who should provide input as this new product will affect the current manufacturing process?

Choose 3 answers.

A.

Marketing

B.

Maintenance

C.

Production

D.

Human resources

E.

Engineering

Place the steps of the Random Function Identification Technique in the correct order.

In VM, the basic function of a product, project, or process answers which question?

A.

What must it do?

B.

What does it cost?

C.

Who designed it?

D.

How quickly can it be procured?

Match each Phase with its correct question:

Which statement best describes a FAST diagram?

A.

A schedule network used to calculate project float

B.

A graphical model showing dependent relationships among functions

C.

A cost spreadsheet used to calculate inflation

D.

A procurement chart showing supplier lead times