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SAVE International Value Methodology Associate Sample Questions:

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

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

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

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

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

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

4. Which of the following best describes a VM study?

A) Is undertaken after the design is completed
B) Must be led by a Certified Value Specialist
C) Is considered a business improvement best practice
D) It is a structured effort using the VM process to improve value

5. In which costing technique is the time value of money essential?

A) Break-even point
B) Life Cycle Cost
C) Return on Investment
D) Simple Payback

Solutions: