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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which phase enables the VM team to select viable ideas?

A) Development
B) Function Analysis
C) Evaluation
D) Presentation

3. Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A) Function Analysis
B) Implementation
C) Creativity
D) Presentation

4. The unique aspect of the value methodology is its application to anything that:

A) is goal-oriented.
B) is a subject of study.
C) performs a function.
D) includes an activity.

5. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Improved when costs are aligned with scope increases
B) Enhanced when outputs are included in calculations
C) Greatest during the early phases of the project lifecycle
D) Increased when the VM proposals improve performance

Solutions: