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SAVE International Value Methodology Associate Sample Questions:

1. Function E is the:

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

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

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

3. All-the-time functions are:

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

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

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

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

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

Solutions: