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Certified Value Specialist CVS exam torrent materials
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SAVE International Certified Value Specialist Sample Questions:
1. Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?
A) Executive summary, list of information reviewed, a FAST flow chart, and VM presentation
B) Recommended alternatives, stakeholder survey, and a list of prioritized functions
C) Recommended alternatives, list of information reviewed, and function analysis
D) Cover page, table of contents, executive summary, and planning documents
2. The VM study sponsor wants to limit the amount of time some of the VM team members participate. In which phases might the VM facilitator recommend these VM team members fully participate?
Choose 2 answers.
A) Creativity phase
B) Function analysis phase
C) Implementation phase
D) Presentation phase
3. What is the ultimate objective of the Function Analysis Phase?
A) To allocate resources to functions.
B) To organize functions.
C) To prioritize functions.
D) To classify functions.
4. 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) $12,000
B) $10,000
C) $4,000
D) $6,000
5. 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 kilometers per liter .
Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometers per liter .
What is the total life cycle cost - initial, replacement costs, and annual costs - of Car A for the service life of the vehicle without considering the discount rate?
A) $500,000
B) $84,000
C) $480,000
D) $477,000
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C |



