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SAVE International Value Methodology Associate Sample Questions:

1. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Cost Value
B) Esteem Value
C) Use Value
D) Exchange Value

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

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

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

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

4. One of the main purposes of the Miles Value Foundation is to:

A) Promote VM education
B) Conduct VM training
C) Improve VM programs
D) Manage VM certification

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

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

Solutions: