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SAVE International Value Methodology Associate Sample Questions:

1. 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) Improved when costs are aligned with scope increases
C) Increased when the VM proposals improve performance
D) Enhanced when outputs are included in calculations

2. 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) Exploit
B) Enhance
C) Mitigate
D) Share

3. The primary objective of the Information phase is to:

A) Create a cost model
B) Transform information
C) Obtain the voice of the customer
D) Understand the subject

4. The Value Methodology is:

A) A step-by-step design review to improve value.
B) A suggestion program to improve value.
C) An eight-phase process to improve value.
D) A cost reduction exercise to improve value.

5. Y is pointing to the

A) Critical Logic Path
B) "OR" Gate
C) "AND" Gate
D) Minor Logic Path

Solutions: