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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

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

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

2. The Pareto Principle as applied in the Value Methodology means:

A) 20% of risks impact 80% of elements
B) 20% of elements represent 80% of the cost
C) 80% of functions represent 20% of components
D) 80% of the whole includes 20% of the resources

3. Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)

A) Emphasize cost savings
B) Establish an ambitious goal for the number of ideas
C) Apply the "Principle of Deferred Judgment"
D) Encourage "Free-Wheeling" of ideas
E) Emphasize quality rather than quantity

4. Which of the following is most relevant to the Evaluation Phase?

A) Cost Model
B) Constraints
C) Return on Investment
D) Weighting

5. In which phases of the VM Job Plan does the VM study team use convergent thinking?

A) Creativity, Evaluation, Development
B) Function Analysis, Creativity, Evaluation
C) Information, Function Analysis, Creativity
D) Evaluation, Development, Presentation

Solutions: