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SAVE International Value Methodology Associate Sample Questions:

1. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

A) Function Analysis Phase
B) Creativity Phase
C) Presentation Phase
D) Evaluation Phase

2. When transforming subject scope information, it is most important that the VM study team have a clear understanding of:

A) the interests and influence of customers, users, and stakeholders.
B) value improvement ideas and performance attributes.
C) the subject's purpose and the objectives of the VM study.
D) the Pareto chart, risk data, and quality expectations.

3. Which of the following letters represents the scope lines?

A) C
B) B
C) A
D) D

4. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 53 years
B) 56 years
C) 45 years
D) 50 years

5. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) Determine costs
B) State the disposition of the proposal
C) Address technical feasibility
D) Validate the proposal
E) Assess time and schedule impacts

Solutions: