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

2. The Value Methodology is:

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

3. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) Address technical feasibility
B) Validate the proposal
C) Determine costs
D) Assess time and schedule impacts
E) State the disposition of the proposal

4. Y is pointing to the

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

5. "When" is represented by which of the following letters?

A) D
B) A
C) C
D) B

Solutions: