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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. What is the objective of the Creativity Phase?

A) Develop improvement ideas
B) Prioritize improvement ideas
C) Generate improvement ideas
D) Select improvement ideas

2. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

A) Creativity Phase
B) Evaluation Phase
C) Function Analysis Phase
D) Presentation Phase

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

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

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

5. When transforming subject scope information, it is most important that the VM study team have a clear understanding of:

A) the interests and influence of customers, users, and stakeholders.
B) value improvement ideas and performance attributes.
C) the subject's purpose and the objectives of the VM study.
D) the Pareto chart, risk data, and quality expectations.

Solutions: