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SAVE International Value Methodology Associate Sample Questions:

1. Ground rules that support creative brainstorming include:

A) Encouraging openness to ideas, freewheeling, and recording good ideas.
B) Requesting idea clarification, discussing cost impacts, and considering performance.
C) Focusing on quality ideas, discussing their merits, and maintaining momentum.
D) Focusing on prioritized functions, deferring judgment, and improving ideas.

2. Which of the following functions is a Subject Objective?

A) Function P
B) Function O
C) Function Q
D) Function R

3. 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) the Pareto chart, risk data, and quality expectations.
C) the subject's purpose and the objectives of the VM study.
D) value improvement ideas and performance attributes.

4. Which of the following is most relevant to the Evaluation Phase?

A) Weighting
B) Constraints
C) Cost Model
D) Return on Investment

5. In which costing technique is the time value of money essential?

A) Return on Investment
B) Life Cycle Cost
C) Break-even point
D) Simple Payback

Solutions: