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CVS Practice Questions

Certified Value Specialist

Last Update 5 days ago
Total Questions : 147

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Our free Value Methodology practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about CVS. Use this test to pinpoint which areas you need to focus your study on.

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Question # 11

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
Question # 12

Which of the following could a VM facilitator say to stimulate creativity?

Choose 2 answers.

Options:

A.  

“What does the project manager think of these ideas?”

B.  

“What do you wish could have happened or had been done differently?”

C.  

“If you could do anything at all to change the study subject, what would that be?”

D.  

“Please wait to speak until you are called upon.”

Discussion 0
Question # 13

Which of the following are fine filter actions a VM study team can take to evaluate ideas?

Choose 2 answers.

Options:

A.  

Conduct a SWOT analysis for each idea.

B.  

Gather team feedback on all ideas without discussion.

C.  

Align each idea with the subject study goals.

D.  

Rank the ideas based on estimated costs.

Discussion 0
Question # 14

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

Question # 14

Options:

A.  

Minimize weight

B.  

Secure position

C.  

Improve durability

D.  

Align focus

Discussion 0
Question # 15

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
Question # 16

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
Question # 17

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
Question # 18

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
Question # 19

Which of the following should the project manager use to support the implementation of proposals?

Choose 2 answers.

Options:

A.  

Previously gathered user experiences.

B.  

A detailed implementation plan including timelines and resources.

C.  

A contingency plan to address potential issues that may arise during implementation.

D.  

The implementation plan without assessing current policies and procedures.

Discussion 0
Question # 20

A VM program’s standard operating procedures should include

Options:

A.  

a requirement that each VM team member be independent from the development team.

B.  

how subjects for VM studies are identified.

C.  

a listing of standard functions to be included in a VM study.

D.  

a required number of creative ideas to be generated in a study.

Discussion 0
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