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

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

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

3. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

A) Simple Payback (or Breakeven Point)
B) Discount Rate
C) Return on Investment (ROI)
D) Present Worth (or Net Present Value)

4. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Observation, Hypothesis, Experimentation, Conclusion
B) Observation, Experimentation, Hypothesis, Conclusion
C) Hypothesis, Observation, Experimentation, Conclusion
D) Hypothesis, Experimentation, Observation, Conclusion

5. A Random Function Identification table contains:

A) Elements, functions, and classifications
B) Costs, time, and risks
C) Components, resources, and criteria
D) Inputs, objectives, and sequence

Solutions: