Prepare with SAVE International CVS exam practice material, pass for sure
Updated: Oct 12, 2026
No. of Questions: 149 Questions & Answers with Testing Engine
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SAVE International CVS Exam Overview:
| Certification Vendor: | SAVE International |
|---|---|
| Exam Name: | Certified Value Specialist (CVS) Examination |
| Exam Number: | CVS |
| Passing Score: | 75% (per exam section / overall requirement varies by attempt rules) |
| Exam Price: | USD $500 (member/government employee application fee includes exam; $1000 non-member) |
| Exam Format: | Multiple-choice (Part 1 online proctored), Practical/interactive facilitation assessment (Part 2 Function Analysis live facilitation) |
| Available Languages: | English |
| Related Certifications: | Value Methodology Associate (VMA) |
| Recommended Training: | VMF 1 & VMF 2 Training (SAVE International) SAVE International Certification Program |
| Exam Registration: | SAVE International CVS Certification Page CVS Exam Information |
| Sample Questions: | SAVE International CVS Sample Questions |
| Exam Way: | Online proctored exam or onsite computer-based testing at Kryterion Testing Network centers; Part 2 includes live facilitation assessment |
| Pre Condition: | Applicant must be a Value Methodology Associate (VMA) in good standing, complete VMF 2 training, and have approved CVS application with required VM study experience. |
| Official Syllabus URL: | https://www.value-eng.org/page/CVS |
SAVE International CVS Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - VM Study Execution and Team Management - VM Facilitation and Leadership - Value Methodology Foundations
- Advanced VM Practice (Leadership-level application) - Function Analysis - Value Concept
|
SAVE International Certified Value Specialist Sample Questions:
When a higher discount rate is used to calculate life cycle costs, which change occurs to the value of money over time?
- A. The life cycle cost is reduced.
- B. The discount rate is not needed.
- C. The life cycle cost is increased.
- D. There is no change.
Correct Answer: A 🗳️
Explanation: Only visible for Test4Sure members. You can sign-up / login (it's free).
How should the VM facilitator handle "conditionally accepted" VM proposals?
Choose 2 answers.
- A. List the VM proposal as accepted.
- B. Identify modifications required for acceptance.
- C. List deficiencies of the VM proposal.
- D. Ask decision makers for timing of the final decision.
Correct Answer: B,D 🗳️
Explanation: Only visible for Test4Sure members. You can sign-up / login (it's free).
What is the most appropriate description of the Information Phase?
- A. Confirm timing of Job Plan phases with the customer
- B. Gather, organize, review, and transform data collected
- C. Collect and restructure data to support the function analysis phase
- D. Make sure management agrees with the topic being studied
Correct Answer: B 🗳️
Which statement best describes a FAST diagram?
- A. A procurement chart showing supplier lead times
- B. A cost spreadsheet used to calculate inflation
- C. A schedule network used to calculate project float
- D. A graphical model showing dependent relationships among functions
Correct Answer: D 🗳️
Explanation: Only visible for Test4Sure members. You can sign-up / login (it's free).
A FAST diagram is used to
Choose 3 answers.
- A. Test the validity of functions under study.
- B. Illustrate the relationship of functions to each other.
- C. Identify required activities.
- D. Identify the sequence of functions.
- E. Help identify missing functions.
Correct Answer: A,B,E 🗳️
Explanation: Only visible for Test4Sure members. You can sign-up / login (it's free).
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