Certified Value Specialist
Last Update Jul 26, 2026
Total Questions : 147
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Which of the following actions would be appropriate for transforming your subject’s information into a useful work breakdown structure?
Choose 2 answers.
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?
Which of the following are the effects of increasing the duration of a VM study?
Choose 2 answers.
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.
Which of the following situations are MOST appropriate for using a RACI matrix?
Choose 2 answers.
When selecting VM study team members, which of the following are preferable?
Choose 2 answers.
What are typical examples of evaluation criteria used for a business process study during the Evaluation Phase?
Choose 2 answers.
When a higher discount rate is used to calculate life cycle costs, which change occurs to the value of money over time?
Other than the creative ideas list and evaluation scores, which of the following information should be included in a value study report?
The VM Job Plan differs from the scientific method approach to problem-solving because the VM job plan
Which of the following is the most commonly used technique to identify functions?
On the Function Logic Path, how do prescription eyeglasses correct vision?


Which of the following is an “all-the-time” function in a FAST diagram for prescription eyeglasses?
Which of the following actions is the most effective method for encouraging stakeholder engagement during the implementation phase?
Match the following to their appropriate “How” direction on the function logic path for the prescription eyeglasses.


Which of the following are specific VM facilitator tasks to be completed prior to the VM study workshop?
Choose 2 answers.
One member of the group is dominating the discussions. What approach should the VM Facilitator use to engage the group?
Which of the following are inputs to the Presentation Phase?
Choose 3 answers.
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?
Which of the following should be considered when preparing the VM study report?
Choose 3 answers.
How does leveraging the ambiguity of functions foster creativity?
Choose 2 answers.
During the Creativity Phase, the VM Study Team is identifying options that are out of the scope of the study. The Facilitator should
What is the role of the VM facilitator during the Development Phase?
Choose 2 answers.
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.
Which of the following activities should a VM Facilitator recommend decision-makers conduct prior to the disposition of VM proposals?
Who typically relates value directly to the functions they are trying to acquire?
Which of the following are effective ways to create a good team-building atmosphere in the Creativity Phase?
Choose 2 answers.
A team wants to skip Function Analysis because the design solution already appears obvious. What is the best CVS-level response?
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?
Which of the following are the purposes of function analysis?
Choose 4 answers.
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 VM program manager has limited time available to coordinate VM studies. Rank their priorities.

How should the VM facilitator handle “conditionally accepted” VM proposals?
Choose 2 answers.