SAVE International CVS Exam Collection - Certified Value Specialist

Updated: Sep 20, 2026
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SAVE International CVS Exam Syllabus Topics:

SectionWeightObjectives
Tools and Techniques20%- Decision-making and evaluation tools
- Cost analysis and worth assessment
- Function analysis system technique (FAST)
- Creative thinking and idea generation methods
Leadership and Facilitation15%- Leading value study teams
- Workshop facilitation skills
- Stakeholder management and communication
Value Methodology Principles and Concepts25%- Value index, function and cost relationship
- Definition and core concepts of Value
- Origins, development and application scope of Value Methodology
Standards, Ethics and Application10%- Application in different industries and sectors
- SAVE International standards and guidelines
- Professional ethics and responsibilities
Value Methodology Job Plan30%- Creative phase
- Presentation and implementation phase
- Evaluation phase
- Development phase
- Function analysis phase
- Information phase
- Preparation phase

SAVE International Certified Value Specialist Sample Questions:

Question #1

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. Highlight that there are many areas with deficiencies that will be improved by VM.
  • B. Identify a few subjects that would benefit from change and recommend a VM study through dialogue with staff.
  • C. Prepare a memo for the CEO to sign that requires staff to incorporate VM in all departments.
  • D. Explain the difference between VM and other value-improving programs (TRIZ, Lean 6-Sigma, etc.)
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

Which of the following is the most commonly used technique to identify functions?

  • A. Random Function Identification
  • B. Random Words
  • C. Mind Mapping
  • D. FAST
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

Place the process flow chart for the Function Performance Specification in the correct order.

Reveal Solution  Discussion  0

Correct Answer:


Explanation:
Need # Function # Specific Requirement # Product
The correct order is Need # Function # Specific Requirement # Product . This is the exact logic of the Function Performance Specification process. The VM Guide figure for Function Performance Specification shows the sequence as "Need Function Specific Requirement Product" , where a user need is translated into a function, then into measurable requirements, and finally into a product solution.
The sequence is important because Value Methodology begins with the user's need or desire , not with a predetermined product. After the need is understood, the VM team defines the function that satisfies that need, normally in active verb/measurable noun format. SAVE's study-guide material explains that work functions are quantitative and stated using an active verb and measurable noun. The next step is the specific requirement , where the function is converted into measurable performance or quality criteria, such as assessment criteria, level, and flexibility. Only after the need, function, and requirement are clear should the team identify the product , which is the solution provided to satisfy the defined need. Starting with "Product" would be a classic VM error because it locks the team into a solution before understanding function.
References/topics: Function Analysis Phase; Function Performance Specification; Need; Function; Specific Requirement; Product; Performance Criteria.

Question #4

The decision-makers agreed to implement a VM proposal requiring an organizational change. What should be done to improve success?
Choose 2 answers.

  • A. Hire a change management consultant
  • B. Appoint an oversight committee
  • C. Strictly define the implementation plan
  • D. Encourage participation by those affected by the change
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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Question #5

Which of the following are the effects of increasing the duration of a VM study?
Choose 2 answers.

  • A. More VM proposals are implemented
  • B. Evaluation techniques are more thoughtful
  • C. Numerous FAST diagrams are constructed
  • D. Additional creative techniques can be used
  • E. Site visit duration is unchanged
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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