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SAVE International Value Methodology Associate Sample Questions:

1. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

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

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

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

3. The Value Methodology is:

A) A step-by-step design review to improve value.
B) An eight-phase process to improve value.
C) A suggestion program to improve value.
D) A cost reduction exercise to improve value.

4. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Greatest during the early phases of the project lifecycle
B) Improved when costs are aligned with scope increases
C) Enhanced when outputs are included in calculations
D) Increased when the VM proposals improve performance

5. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A) Share
B) Mitigate
C) Exploit
D) Enhance

Solutions: