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SAVE International Value Methodology Associate Sample Questions:

1. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 56 years
B) 53 years
C) 50 years
D) 45 years

2. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

A) Convergent and divergent
B) Convergent and abstract
C) Divergent and abstract
D) Critical and divergent

3. 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.

4. Which function is located to the left of the left vertical line in a FAST diagram?

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

5. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

A) Reasonable
B) Medium
C) Fine
D) Coarse

Solutions: