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SAVE International Value Methodology Associate Sample Questions:

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

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

2. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

A) Coarse, Fine, Medium
B) Medium, Fine, Coarse
C) Medium, Coarse, Fine
D) Coarse, Medium, Fine

3. How many phases are in the VM Job Plan?

A) 8
B) 6
C) 3
D) 7

4. What is a function of a teacup?

A) Provide container
B) Contain liquid
C) Allow drinking
D) Contain tea

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

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

Solutions: