CVS Exam Dumps - Certified Value Specialist

The preferable qualities are expertise in their field and availability to attend . In the Preparation or Pre-Workshop stage, the Value Study must be properly planned, organized, staffed, and scheduled before the formal Job Plan begins. The SAVE Study Guide identifies Pre-Workshop activities such as identifying Value Team members , obtaining their commitment to project objectives, and determining study dates, times, location, and other logistical needs. ( )

Technical capability is essential because VM team members must gather and analyze information, identify functions, contribute ideas, evaluate ideas using their experience and expertise, develop alternatives, and present results. The guide specifically describes technical champions as team members selected because of their technical expertise. ( ) Availability is equally important because team members are expected to participate in all meetings, and timely attendance is listed as a responsibility. ( )

Option C is not preferred because VM requires collaborative idea generation, not personal advocacy or forcing individual solutions. Option D is directly contrary to VM team behavior, since the guide stresses open-mindedness and avoiding roadblocks.

References/topics: Preparation Phase; Pre-Workshop Activities; Value Team Member Selection; Team Member Responsibilities; VM Facilitation and Team Dynamics.

The correct answer is A. Carpet $120,000 . This question applies life-cycle cost comparison , which is commonly used in the Development Phase when VM alternatives are being analyzed for economic feasibility and owner value. The better value option is not determined by the lowest initial cost alone; it must include installed cost, maintenance cost, recurring service cost, and service life impacts.

For carpet:

Installed cost = 1,000 sq. m × $30 = $30,000 .

Vacuum maintenance = $500/month × 12 months × 10 years = $60,000 .

Annual shampoo = $3,000/year × 10 years = $30,000 .

Total carpet life-cycle cost = $30,000 + $60,000 + $30,000 = $120,000 .

For vinyl over a comparable 10-year ownership period:

Installed cost = 1,000 sq. m × $10 = $10,000 .

Vacuum maintenance = $400/month × 12 × 10 = $48,000 .

Strip and wax = $1,000/month × 12 × 10 = $120,000 .

Total vinyl cost = $178,000 .

Although vinyl has a lower initial cost, its recurring monthly strip-and-wax cost makes it more expensive. Therefore, carpet provides the better value.

References/topics: Development Phase; Life-Cycle Costing; Economic Evaluation; Alternative Comparison; Owner Value.

The correct answers are A, C, and D because the Presentation Phase is focused on communicating developed VM results in a form that enables decision makers to understand, judge, and act on the team’s recommendations. SAVE’s Value Methodology Standard describes the Presentation Phase as the point where the team leader develops a report or presentation that “documents and conveys the adequacy” of the developed alternatives and their value improvement opportunity. ( )

Therefore, tailoring the material to the participants is essential. Executives, technical reviewers, owners, cost specialists, and implementation personnel require different levels of detail and emphasis. Timing of the presentation is also critical because VM results should be presented while the study findings are current, decision attention is active, and implementation momentum has not been lost. Level of development of proposal write-ups is equally important because weak or incomplete write-ups reduce credibility and make approval difficult.

Option B is incorrect because the team should not present every idea generated in Creativity; only evaluated and developed alternatives should advance. The Evaluation Phase selects ideas with value potential, and the Development Phase turns selected ideas into documented proposals for decision making. ( )

References/topics: Presentation Phase; Development Phase; VM Proposal Write-Ups; Decision-Maker Communication; VM Results Presentation.

The correct answers are B and C . A VM facilitator encourages innovation by moving the team beyond existing assumptions, current habits, and normal organizational boundaries. In the Creativity Phase, SAVE-oriented VM guidance emphasizes generating ideas for all possible ways to accomplish the required functions, rather than defending the existing solution. ( Value Engineering ) The facilitator therefore supports future-focused thinking, where the team imagines an ideal condition and considers long-term potential before judging feasibility. This is consistent with VM practice because creativity must be allowed to expand before evaluation, cost review, or technical screening begins.

Option C is also correct because innovation often comes from cross-disciplinary transfer. Borrowing ideas from other industries, technologies, processes, or disciplines helps the team discover alternative ways to perform the required function. The Creative Phase is specifically described as being unconstrained by habit, tradition, negative attitudes, assumed restrictions, and specific criteria. ( UW Courses )

Option A is incorrect because simply maintaining current systems preserves the baseline and limits breakthrough thinking. Option D is incorrect because avoiding combinations and testing prevents idea development and blocks innovation.

References/topics: VM Facilitation; Team Dynamics; Creativity Phase; Innovation; Divergent Thinking; Long-Term Value Potential.

The correct answers are B and D . A risk register is used to document, organize, and evaluate risks so that the VM team can understand how uncertainty may affect proposed alternatives. The two essential risk-register elements shown in the choices are probability of occurrence and impact on the scope . Probability identifies how likely the risk is to happen. Impact identifies what the consequence will be if the risk occurs, including possible effects on scope, cost, schedule, quality, performance, implementation, or stakeholder acceptance.

In the VM Job Plan, risk thinking becomes especially important when ideas move from creativity into evaluation and development. At that point, alternatives are no longer just possibilities; they must be tested for feasibility, consequences, and implementation exposure. A risk with high probability and high impact demands more attention than one with low probability and minor impact.

Option A, performance criteria , is related to evaluation criteria, not a core risk-register field. Option C, function of the risk , is not a standard risk-register element. Functions belong to Function Analysis and are normally expressed in verb-noun format, while risks are documented as uncertain events or conditions.

References/topics: Evaluation Phase; Development Phase; Risk Register; Risk Probability; Risk Impact; VM Proposal Screening.