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SAVE International Certified Value Specialist Sample Questions:

1. Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.
Carpet
Installation cost, including pad = $30 / square meter
Service life = 10 years
Maintenance cost: vacuum weekly = $500 / month
Maintenance cost: shampoo once per year = $3,000 / shampoo
Vinyl
Installation cost, including pad = $10 / square meter
Service life = 15 years
Maintenance cost: vacuum weekly = $400 / month
Maintenance cost: strip and wax once per month = $1,000 / strip and wax What is the initial cost of the carpet ?

A) $36,000
B) $33,000
C) $32,500
D) $30,000

2. During the Implementation Phase, the project manager is tasked to ensure compliance with internal tracking and auditing procedures. Which action would most effectively demonstrate the application of tracking and audit knowledge and skills?

A) Conduct regular audits of project documents to confirm all data entries are accurate and compliant with company standards.
B) Only review audit logs at the end of the project to assess compliance and make necessary adjustments for future projects.
C) Develop a training manual for new employees on how to use the project management system, but do not include tracking procedures.
D) Implement a weekly status update meeting where project milestones are discussed, but focus solely on outcomes without auditing the processes used.

3. Which of the following are the purposes of function analysis?
Choose 4 answers.

A) Communicate ideas
B) Create opportunities
C) Change viewpoints
D) Stimulate communication
E) Identify opportunities
F) Expand knowledge

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 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) $477,000
B) $500,000
C) $84,000
D) $480,000

5. A RACI matrix identifies
Choose 3 answers.

A) level of stakeholder involvement in activities.
B) threats and opportunities.
C) what reasonable information is to be provided.
D) weighted performance attributes.
E) stakeholders required to provide feedback.

Solutions: