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SAVE International Value Methodology Associate Sample Questions:

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

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

2. All-the-time functions are:

A) A drain on resources
B) Outside the study scope
C) Continuous
D) Undesirable

3. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A) Enhance
B) Exploit
C) Share
D) Mitigate

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

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

5. Which of the following best describes a VM study?

A) A structured effort by a multidisciplinary team using the VM
B) An analysis of a completed project design by a VM team
C) An improvement process similar to Lean Six Sigma
D) A workshop that applies the VM facilitated by a CVS

Solutions: