CVS Ethics and Continuous Improvement 2

Question 1

A CVS discovers that a value study sponsor wants the team to inflate projected savings to justify a predetermined design change. What is the most ethical response?

Accepted Answer

Refuse to misrepresent the findings and report only validated savings estimates

Answer

SAVE International's code of ethics requires honest, objective reporting of value study results regardless of sponsor pressure.

Question 2

During a value engineering workshop, a team member proposes an alternative that closely resembles a competitor's patented design. The CVS facilitator should:

Accepted Answer

Flag the potential intellectual property issue and have it reviewed before development

Answer

Ethical practice requires identifying and disclosing potential intellectual property conflicts before an alternative is developed or recommended.

Question 3

Which practice best demonstrates continuous improvement of a value program at the organizational level?

Accepted Answer

Conducting post-study audits that compare implemented savings against workshop projections

Answer

Auditing actual versus projected results creates the feedback loop that drives improvement of future value studies.

Question 4

A CVS is asked to lead a value study on a project where their spouse owns stock in the primary contractor. The CVS should:

Accepted Answer

Disclose the conflict of interest to the client before accepting the engagement

Answer

The code of ethics requires prompt disclosure of any actual or perceived conflict of interest so the client can decide how to proceed.

Question 5

What is the primary purpose of a lessons-learned session held after a value study?

Accepted Answer

To capture process insights that improve future value studies

Answer

Lessons-learned sessions feed process knowledge back into the value methodology, supporting continuous improvement.

CVS - Certified Value Specialist Practice Test

CVS - Certified Value Specialist Practice Test

CVS Ethics and Continuous Improvement 2