SAVE International CVS : Certified Value Specialist

  • Exam Code: CVS
  • Exam Name: Certified Value Specialist
  • Updated: Aug 05, 2026
  • Q & A: 149 Questions and Answers

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SAVE International CVS Exam Syllabus Topics:
SectionObjectives
Topic 1: Value Methodology Overview- Principles of Value Engineering / Value Analysis
  • 1. Value definition and concepts
    • 2. Function analysis basics
      Topic 2: Job Plan Phases- Creative Phase
      • 1. Idea generation techniques
        - Development Phase
        • 1. Cost-benefit analysis
          • 2. Solution development
            - Information Phase
            • 1. Data collection and cost review
              • 2. Project scope definition
                - Evaluation Phase
                • 1. Idea screening and ranking
                  - Presentation Phase
                  • 1. Proposal presentation
                    • 2. Stakeholder review
                      - Function Analysis Phase
                      • 1. Function identification
                        • 2. FAST diagramming
                          Topic 3: Professional Practice Requirements- Project documentation and reporting
                          - Value study facilitation
                          SAVE International Certified Value Specialist Sample Questions:

                          1. Which of the following is the best method to capture the status of recommendations?

                          A) Audit the project to assure implementation.
                          B) Document the disposition of the alternatives.
                          C) Change the corresponding value alternatives.
                          D) Provide a summary of the final dispositions in an email.


                          2. SWOT stands for

                          A) standards, weaknesses, organization, and thresholds.
                          B) strengths, weaknesses, opportunities, and threats.
                          C) standards, weaknesses, organization, and threats.
                          D) strengths, weaknesses, organization, and threats.


                          3. Which of the following actions should be taken to develop a comprehensive and effective VM study report?
                          Choose 2 answers.

                          A) List VM proposals developed.
                          B) Include a detailed methodology section.
                          C) Focus the report on the major VM proposals.
                          D) Focus on technical terminology.


                          4. A VM study team member determined that the VM proposal will not meet the goals of the study subject.
                          What should the VM facilitator do?
                          Choose 2 answers.

                          A) Disregard the VM proposal.
                          B) Document the reasons for not meeting the goals.
                          C) Have the VM team member complete the VM proposal.
                          D) Review the results with the stakeholders.


                          5. Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?

                          A) Recommended alternatives, list of information reviewed, and function analysis
                          B) Executive summary, list of information reviewed, a FAST flow chart, and VM presentation
                          C) Cover page, table of contents, executive summary, and planning documents
                          D) Recommended alternatives, stakeholder survey, and a list of prioritized functions


                          Solutions:

                          Question # 1
                          Answer: B
                          Question # 2
                          Answer: B
                          Question # 3
                          Answer: A,C
                          Question # 4
                          Answer: B,D
                          Question # 5
                          Answer: A

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