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SAVE International Value Methodology Associate Sample Questions:

1. Which function represents the specific goals or needs for which the subject scope exists?

A) Secondary
B) Basic
C) Lower Order
D) Higher Order

2. In which phases of the VM Job Plan does the VM study team use convergent thinking?

A) Information, Function Analysis, Creativity
B) Function Analysis, Creativity, Evaluation
C) Evaluation, Development, Presentation
D) Creativity, Evaluation, Development

3. The Development Phase involves which of the following steps?

A) Determine verb-noun combinations for ideas
B) Prioritize ideas
C) Assign ideas to VM study team members
D) Model the cost of ideas

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

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

5. During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:

A) Organizing
B) Maintaining
C) Planning
D) Operating

Solutions: