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SAVE International Value Methodology Associate Sample Questions:

1. Which is the correct order of steps in establishing evaluation criteria?

A) Identify context, define criteria, determine range/scale, determine importance
B) Define criteria, identify context, determine importance, determine range/scale
C) Identify context, define criteria, determine importance, determine range/scale
D) Define criteria, identify context, determine range/scale, determine importance

2. Identify which are key data used to transform information for a product value study:

A) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
B) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
C) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
D) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics

3. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

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

4. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A) Evaluation, Development, Implementation, and Presentation
B) Development, Evaluation, Presentation, and Implementation
C) Evaluation, Development, Presentation, and Implementation
D) Development, Presentation, Evaluation, and Implementation

5. Function E is the:

A) Required Secondary Function
B) Basic Function
C) Higher Order Function
D) Secondary Function

Solutions: