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Certified Value Specialist Question and Answers

Certified Value Specialist

Last Update Jul 26, 2026
Total Questions : 147

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Questions 1

A function performance specification:

Choose 3 answers.

Options:

A.  

accurately identifies requirements specific to functions.

B.  

puts parameters on VM team options.

C.  

defines constraints on designers.

D.  

communicates customer performance wants and needs.

E.  

assists in uncovering hidden assumptions.

Discussion 0
Questions 2

According to the Value Methodology Job Plan.

Choose 2 answers.

Options:

A.  

Alternative solutions are evaluated based on criteria established.

B.  

Alternative solutions are generated and evaluated at the same time.

C.  

Functions are defined prior to the generation of alternative solutions.

D.  

Functions are defined prior to the VM study.

Discussion 0
Questions 3

Which of the following actions would be appropriate for transforming your subject’s information into a useful work breakdown structure?

Choose 2 answers.

Options:

A.  

List all activities in chronological order without grouping by deliverables.

B.  

Focus on cost estimates instead of deliverables.

C.  

Identify major milestones and decompose them into manageable elements.

D.  

Break down the project into defined elements.

Discussion 0
Questions 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 kilometer per liter .

Car C: Paid $60,000 , needs tires every two years at $4,000 , fuel efficiency = 20 kilometer per liter .

What is the annual cost for Car C for the service life of the vehicle?

Options:

A.  

$18,000

B.  

$216,000

C.  

$198,000

D.  

$36,000

Discussion 0
Questions 5

Which of the following are the effects of increasing the duration of a VM study?

Choose 2 answers.

Options:

A.  

Site visit duration is unchanged

B.  

Additional creative techniques can be used

C.  

Numerous FAST diagrams are constructed

D.  

Evaluation techniques are more thoughtful

E.  

More VM proposals are implemented

Discussion 0
Questions 6

A higher-order function

Choose 2 answers.

Options:

A.  

represents specific needs satisfied by the basic function.

B.  

describes the output of the basic function.

C.  

is fundamental to the subject scope.

D.  

describes input for the basic function.

Discussion 0
Questions 7

The project team expresses uncertainty about how their tasks align with the overall objectives of the VM Job Plan. What steps should the VM facilitator take to enhance understanding of the VM Job Plan?

Choose 2 answers.

Options:

A.  

Encourage a collaborative environment by pairing project and VM team members for more in-depth discussions of each other’s roles.

B.  

Facilitate a discussion to improve their understanding of how their tasks contribute to the VM Job Plan.

C.  

Present the VM Job Plan in detail with minimal interaction, allowing team members to ask questions at the end.

D.  

Establish a deadline for project members to complete their preparation.

Discussion 0
Questions 8

What are key reasons to use a fine evaluation filter?

Choose 2 answers.

Options:

A.  

It uses weighted relative importance.

B.  

It slows the process to promote initial ideas.

C.  

It increases rigor in the evaluation process.

D.  

It allows differentiation between ideas.

Discussion 0
Questions 9

Which of the following situations are MOST appropriate for using a RACI matrix?

Choose 2 answers.

Options:

A.  

Process flow

B.  

Communication gaps

C.  

Validated assumptions

D.  

Misunderstood concepts

Discussion 0
Questions 10

When selecting VM study team members, which of the following are preferable?

Choose 2 answers.

Options:

A.  

Expertise in their field

B.  

Availability to attend

C.  

Promoting their ideas

D.  

Closed-mindedness

Discussion 0
Questions 11

What are typical examples of evaluation criteria used for a business process study during the Evaluation Phase?

Choose 2 answers.

Options:

A.  

Efficiency

B.  

Environmental impact

C.  

Maintenance

D.  

Scalability

Discussion 0
Questions 12

When a higher discount rate is used to calculate life cycle costs, which change occurs to the value of money over time?

Options:

A.  

The discount rate is not needed.

B.  

There is no change.

C.  

The life cycle cost is increased.

D.  

The life cycle cost is reduced.

Discussion 0
Questions 13

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

Options:

A.  

Cover page, table of contents, executive summary, and planning documents

B.  

Recommended alternatives, stakeholder survey, and a list of prioritized functions

C.  

Recommended alternatives, list of information reviewed, and function analysis

D.  

Executive summary, list of information reviewed, a FAST flow chart, and VM presentation

Discussion 0
Questions 14

Function analysis is used to

Choose 2 answers.

Options:

A.  

provide a new understanding of the project.

B.  

identify improvements.

C.  

create a collaborative environment.

D.  

assist individuals with a technical background.

Discussion 0
Questions 15

The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan

Options:

A.  

requires less information on a subject than the scientific method.

B.  

focuses on what a subject does.

C.  

requires less analysis than the scientific method.

D.  

analyzes a problem and develops a hypothesis.

Discussion 0
Questions 16

What are key factors that cause VM programs to fail?

Choose 2 answers.

Options:

A.  

Locating the VM program within a department in the organization

B.  

An undefined implementation and change management process

C.  

Management support

D.  

Tracking VM study results

Discussion 0
Questions 17

Which of the following is the most commonly used technique to identify functions?

Options:

A.  

FAST

B.  

Mind Mapping

C.  

Random Words

D.  

Random Function Identification

Discussion 0
Questions 18

On the Function Logic Path, how do prescription eyeglasses correct vision?

Options:

A.  

Minimize weight

B.  

Secure position

C.  

Improve durability

D.  

Align focus

Discussion 0
Questions 19

Which of the following is an “all-the-time” function in a FAST diagram for prescription eyeglasses?

Options:

A.  

Improve focus

B.  

Display information

C.  

Position lenses

D.  

Access vision

Discussion 0
Questions 20

The main objective of the Information Phase is to

Options:

A.  

begin to determine alternative solutions.

B.  

review and understand the available project information.

C.  

develop a VM Study Team Information Workbook.

D.  

enlist additional VM team members.

Discussion 0
Questions 21

Which of the following actions is the most effective method for encouraging stakeholder engagement during the implementation phase?

Options:

A.  

Assign tasks to team members before informing stakeholders.

B.  

Use formal reports to streamline the process.

C.  

Provide stakeholders with the VM study report during the implementation meeting.

D.  

Coordinate with the project manager to distribute information to stakeholders.

Discussion 0
Questions 22

What is the correct order for the management of change stages?

Options:

A.  

Adaptation to change, acknowledgement, defensive retreat, shock

B.  

Acknowledgement, shock, defensive retreat, adaptation to change

C.  

Defensive retreat, shock, acknowledgement, adaptation to change

D.  

Shock, defensive retreat, acknowledgement, adaptation to change

Discussion 0
Questions 23

Match the following to their appropriate “How” direction on the function logic path for the prescription eyeglasses.

Options:

Discussion 0
Questions 24

The left project scope line is located between the

Options:

A.  

Subject objectives and all-the-time functions

B.  

Secondary and lower order functions

C.  

Higher order and basic functions

D.  

Basic and secondary functions

Discussion 0
Questions 25

The VM job plan separates

Options:

A.  

creative steps from analytical steps.

B.  

designers from the VM Team.

C.  

cost estimates from functions.

D.  

project needs from functions.

Discussion 0
Questions 26

Which of the following are specific VM facilitator tasks to be completed prior to the VM study workshop?

Choose 2 answers.

Options:

A.  

Compile information gathered for the Information Phase

B.  

Developing a high-level agenda to review with the client and obtaining approval

C.  

Preparing a draft of the Implementation Phase

D.  

Identifying functions for the VM Team’s consideration

Discussion 0
Questions 27

One member of the group is dominating the discussions. What approach should the VM Facilitator use to engage the group?

Options:

A.  

ask the dominating member to leave

B.  

ignore the other members of the group

C.  

present other materials

D.  

ask questions of the quiet members

Discussion 0
Questions 28

Which of the following are inputs to the Presentation Phase?

Choose 3 answers.

Options:

A.  

Disposition decision

B.  

VM study subject information

C.  

List of participants

D.  

VM study report

E.  

VM proposals

Discussion 0
Questions 29

A VM program manager has the resources to undertake one VM study, but 4 candidate subjects/projects are available, each costing $10 million. Which subject/project should be selected?

Options:

A.  

The subject design is complete, but there is concern the project will not deliver an ROI.

B.  

The subject is similar to a previous successful project, but design has not started. The project is expected to deliver the target ROI.

C.  

The subject is similar to a previous project and the design has not started. The previous project did not achieve the target ROI.

D.  

The subject is similar to a previous project, the design is 30% complete, and a detailed estimate is prepared. The previous project achieved the target ROI.

Discussion 0
Questions 30

Which of the following should be considered when preparing the VM study report?

Choose 3 answers.

Options:

A.  

Identifying non-study focus groups

B.  

Status of the VM study subject

C.  

Using technical language

D.  

Focusing on the typical audience of stakeholders and project managers

E.  

Creating a document for those not involved in the VM study

Discussion 0
Questions 31

How does leveraging the ambiguity of functions foster creativity?

Choose 2 answers.

Options:

A.  

Contributes to convergent thinking

B.  

Contributes to divergent thinking

C.  

Focuses on structure

D.  

Provides subject context reframing

Discussion 0
Questions 32

What does VOC stand for?

Options:

A.  

Value of concepts

B.  

Voice of the customer

C.  

Voice of the client

D.  

Value of communications

Discussion 0
Questions 33

During the Creativity Phase, the VM Study Team is identifying options that are out of the scope of the study. The Facilitator should

Options:

A.  

Have the group vote on adjusting the scope of the VM study.

B.  

Review the VM Job Plan and adjust the schedule.

C.  

Discuss and confirm the study scope with the VM Team and study sponsor.

D.  

Remind the VM Team that the suggested ideas are out of scope.

Discussion 0
Questions 34

What is the role of the VM facilitator during the Development Phase?

Choose 2 answers.

Options:

A.  

Review VM proposals

B.  

Prepare VM proposals

C.  

Rewrite VM proposals

D.  

Research VM proposal background

Discussion 0
Questions 35

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.

Options:

A.  

Document the reasons for not meeting the goals.

B.  

Review the results with the stakeholders.

C.  

Have the VM team member complete the VM proposal.

D.  

Disregard the VM proposal.

Discussion 0
Questions 36

Which of the following activities should a VM Facilitator recommend decision-makers conduct prior to the disposition of VM proposals?

Options:

A.  

Develop the Implementation Plan

B.  

Further develop VM proposals

C.  

Resolve VM proposals

D.  

Review VM proposals

Discussion 0
Questions 37

Select the best matches for the functions of prescription eyeglasses.

Options:

Discussion 0
Questions 38

Who typically relates value directly to the functions they are trying to acquire?

Options:

A.  

Decision makers

B.  

Design team

C.  

Users

D.  

Customers

Discussion 0
Questions 39

Which of the following are effective ways to create a good team-building atmosphere in the Creativity Phase?

Choose 2 answers.

Options:

A.  

Encourage all team members to participate

B.  

Limit each team member to five ideas

C.  

Defer judgment of ideas to the Evaluation Phase

D.  

Be selective recording ideas

Discussion 0
Questions 40

A team wants to skip Function Analysis because the design solution already appears obvious. What is the best CVS-level response?

Options:

A.  

Agree, because Function Analysis is optional when experts are present

B.  

Skip directly to Development to save time

C.  

Perform Function Analysis because it is essential to a valid VM study

D.  

Replace Function Analysis with procurement benchmarking only

Discussion 0
Questions 41

Carpet and vinyl tile are acceptable alternatives for an owner to cover 1,000 square meters of floor.

Carpet

Installed 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

Installed 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

Between carpet and vinyl, which is a better value option for the owner over the service life of the products?

Options:

A.  

Carpet $120,000

B.  

Vinyl Tile $130,000

C.  

Carpet $138,000

D.  

Vinyl Tile $178,000

Discussion 0
Questions 42

Which of the following are the purposes of function analysis?

Choose 4 answers.

Options:

A.  

Communicate ideas

B.  

Stimulate communication

C.  

Change viewpoints

D.  

Expand knowledge

E.  

Identify opportunities

F.  

Create opportunities

Discussion 0
Questions 43

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?

Options:

A.  

$480,000

B.  

$477,000

C.  

$500,000

D.  

$84,000

Discussion 0
Questions 44

A VM program manager has limited time available to coordinate VM studies. Rank their priorities.

Options:

Discussion 0
Questions 45

How should the VM facilitator handle “conditionally accepted” VM proposals?

Choose 2 answers.

Options:

A.  

Identify modifications required for acceptance.

B.  

List the VM proposal as accepted.

C.  

Ask decision makers for timing of the final decision.

D.  

List deficiencies of the VM proposal.

Discussion 0