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CVS Exam Questions & Answers

Certified Value Specialist  •  SAVE International

143 Questions Updated Oct 2026 99% Pass Rate
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Sample CVS Questions

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Q1 MultipleChoice

Which of the following are common change drivers?

Choose 3 answers

Correct Answer: C, D, E
Explanation:

The correct answers are C. Technological evolution, D. Process reviews, and E. Crises. In VM facilitation and change management, a change driver is a force or condition that creates the need for an organization to alter processes, systems, products, services, or behaviors. SAVE's Value Methodology glossary specifically identifies common change drivers as including technological evolution, process reviews, and crises, along with other external and internal pressures. ()

Technological evolution drives change because new tools, automation, systems, and digital capabilities can make existing methods outdated or inefficient. Process reviews are also common drivers because structured review often reveals waste, duplication, poor function performance, or value gaps that require improvement. Crises are strong change drivers because urgent disruption, failure, cost pressure, safety issues, or market shock can force rapid organizational response.

Option A, organizational culture, may influence how change is accepted or resisted, but it is not listed here as a primary change driver. Option B, maintaining habits, is usually a resistance behavior, not a driver of change.

Reference/topics: VM Facilitation and Team Dynamics; Change Management; Change Drivers; Organizational Change; VM Programs.

Q2 MultipleChoice

Some stakeholders disagree with their level of involvement in the VM study scope. What tool could the VM facilitator use to focus the group?

Correct Answer: C
Explanation:

The correct answer is C. RACI matrix. When stakeholders disagree about their level of involvement, the facilitator needs a tool that clarifies roles, responsibility, authority, consultation, and communication expectations. A RACI matrix directly addresses this issue because it defines who is Responsible, Accountable, Consulted, and Informed for each activity or decision. In VM and VE practice, a RACI matrix is specifically used to identify who is responsible for implementation, who is accountable for costs and outcomes, who needs to be consulted during VM/VE studies, and who needs to be kept informed.

This makes RACI especially useful when involvement levels become controversial. It gives the facilitator a neutral structure to move the group away from personal preference and toward agreed participation logic. It also helps prevent over-involvement, under-involvement, unclear decision authority, and unnecessary stakeholder conflict.

A work breakdown structure defines work packages, not stakeholder engagement levels. SWOT analysis examines strengths, weaknesses, opportunities, and threats, but does not assign participation roles. Paired comparison is used for prioritizing options or criteria, not resolving involvement disagreements.

Reference/topics: VM Facilitation and Team Dynamics; Stakeholder Engagement; Study Scope Alignment; RACI Matrix; VM Program Governance.

Q3 MultipleChoice

A VM study team struggles to reach consensus while evaluating an idea during the Evaluation Phase. Which approaches should the VM facilitator use?

Choose 3 answers.

Correct Answer: A, B, D
Explanation:

The correct approaches are A, B, and D because the facilitator's role in the Evaluation Phase is to keep the team in a structured, objective decision process rather than prematurely discarding ideas or resetting the workshop. SAVE's Value Methodology Standard defines the Evaluation Phase as the point where the team uses a structured process to select ideas with value-improvement potential while considering project functions, performance requirements, and resource limits. () When consensus is difficult, the facilitator should first clarify the idea. Modifying the idea title can remove ambiguity, improve shared understanding, and ensure the team is evaluating the same concept. Asking for more information is also appropriate because disagreement often reflects insufficient technical, cost, risk, or implementation detail.

The facilitator must also ensure that every team member has provided input, since VM relies on multidisciplinary team judgment and stakeholder expertise. The Standard identifies the team as a multidisciplinary group chosen for relevant expertise and experience, including different points of view. () Removing the idea is premature unless it clearly fails criteria, and restarting the evaluation process is unnecessary unless the entire evaluation basis is invalid.

Reference/topics: Evaluation Phase; VM Facilitation; Team Consensus; Structured Evaluation; Idea Clarification.

Q4 MultipleChoice

Pareto's law of distribution can be applied to

Choose 4 answers.

Correct Answer: A, C, D, E
Explanation:

The correct answers are A, C, D, and E. Pareto's law of distribution, often expressed as the 80/20 principle, is used in Value Methodology to focus team attention on the ''vital few'' items that create the greatest effect. In a VM study, this principle helps the team avoid spreading effort equally across all issues and instead concentrate on the limited number of elements that drive most of the project impact.

It can be applied to time, because a small number of activities often consume most of the schedule or create major delay exposure. It can be applied to quality, because a limited group of defects, failures, or performance gaps may account for most quality problems. It can be applied to risk, because a small number of risk events often carry the largest probability-impact burden. It is also highly applicable to costs, because VM studies commonly use cost models and cost distribution to identify high-cost elements for function analysis and value improvement.

Standards are not normally treated as Pareto-distributed variables; they are requirements or constraints. Performance is important in VM, but Pareto application is more directly tied to measurable distributions such as cost, time, quality problems, and risk exposure.

Reference/topics: Information Phase; Pareto Analysis; Cost Modeling; Risk Identification; Quality Drivers; Schedule Drivers.

Q5 MultipleChoice

Which of the following strategies should be employed to enhance the VM study presentation?

Choose 2 answers.

Correct Answer: A, C
Explanation:

The correct strategies are A and C because the Presentation Phase is intended to communicate value alternatives clearly enough for management and stakeholders to make informed implementation decisions. The SAVE Study Guide identifies the Presentation Phase purpose as presenting value alternatives to management, stakeholders, and decision makers, with the fundamental question focused on helping them make more informed decisions that fit strategic plans. () Therefore, a concise summary of key points is essential because it reinforces the major recommendations, benefits, risks, and implementation direction without forcing decision makers to search through excessive detail.

Visuals such as charts and graphs are also appropriate because presentation products commonly include cost-versus-worth comparisons, present-worth analysis, risk analysis, and advantages-versus-disadvantages information. () These items are best communicated visually when the objective is executive understanding and decision readiness. The formal VM Standard also states that the Presentation Phase involves an oral presentation followed by a written report, with the team obtaining approval or direction for additional information. (courses.washington.edu) A complex presentation format would reduce clarity, and detailed technical specifications belong mainly in the Development Phase technical data package, not as the primary means of enhancing the presentation.

Reference/topics: Presentation Phase; Value Alternatives; Management Decision Support; Oral Presentation; Formal Report.

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Frequently Asked Questions

Candidates must have a minimum of 5 years of professional experience in value engineering or related fields, with at least 2 years in a formal value engineering role. SAVE International may accept equivalent education or certifications as substitutes for some experience requirements.

The CVS exam is typically 3.5 hours long and consists of 150 multiple-choice questions. Candidates must achieve a minimum score of 70% to pass the examination.

The exam covers value engineering principles, methodologies, and applications including job plan phases, function analysis, creative thinking, evaluation techniques, and implementation strategies. It also includes questions on professional ethics, communication, and real-world case studies relevant to value engineering practice.

The CVS exam is typically offered twice per year during SAVE International's scheduled testing windows. Candidates can check the official SAVE International website for current exam dates and registration deadlines.

Yes, CVS certification is valid for 3 years and must be renewed through continuing education credits or retesting. Certified professionals must earn 36 continuing education hours during the 3-year certification period to maintain their CVS credential.
Exam Details
  • Exam CodeCVS
  • VendorSAVE International
  • Total Questions143
  • LanguageEnglish
  • Last UpdatedOct 23, 2026
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