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Exam Code: CVS Vendor: SAVE International Name: Certified Value Specialist 147 Q&A with Explanation Last Update: Jul 20, 2026
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CVS FAQs

The CVS exam evaluates your knowledge of the SAVE International Value Methodology Core Competencies and content from the VM Guide. It focuses on your ability to lead VM studies, including function analysis, facilitation, and applying the full Value Job Plan. Expect multiple-choice questions that test both theory and practical application.

VMF 1 builds foundational knowledge needed for the VMA level, while VMF 2 dives deeper into advanced topics required for CVS. Completing both is mandatory, with VMF 2 taken at least six months after VMF 1. Thorough mastery of VMF 2 materials is critical for passing the exam.

You need substantial hands on experience leading or heavily participating in VM studies (typically dozens of points from team hours and multiple projects). Focus on documenting your role in facilitation, function analysis, and delivering measurable value improvements.

The most reliable path to passing is to intimately study the SAVE International VM Guide alongside your VMF 1 and VMF 2 course materials, focusing heavily on standard definitions and the 6 phase VM Job Plan. Practicing the execution of FAST diagrams and financial break even points under strict time limits is highly recommended. Working through realistic sample questions on platforms like Dumpspedia can help build the required pacing and sharpen your situational decision making skills before test day.

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Certified Value Specialist Questions and Answers

Questions 1

Which of the following are important to the success of the Presentation Phase?

Choose 3 answers.

Options:

A.

Tailoring the material presented based on participants

B.

Presenting each idea developed

C.

Timing of the VM results presentation

D.

Level of development of the VM proposal write-ups

E.

Having the right individuals available to participate

Questions 2

Innovation styles, also known as creativity types, include

Options:

A.

Visioning, modifying, and experimenting

B.

Exploring, adapting, and brainstorming

C.

Factfinding, brainstorming, and transforming

D.

Analyzing, testing, and illustrating

Questions 3

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

Choose 2 answers.

Options:

A.

Include a summary of key points to reinforce the message.

B.

Design the presentation in a complex format.

C.

Utilize visuals such as charts and graphs.

D.

Provide handouts with detailed technical specifications.