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SAVE International Value Methodology Associate Sample Questions:

1. 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) Simple Payback (or Breakeven Point)
C) Discount Rate
D) Return on Investment (ROI)

2. Risks associated with a project, product, or process typically impact:

A) Schedule, cost, or performance
B) Cost, requirements, or results
C) Resources, regulations, or time
D) Time, function, or attributes

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

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

4. 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) the subject's purpose and the objectives of the VM study.
C) value improvement ideas and performance attributes.
D) the Pareto chart, risk data, and quality expectations.

5. Functions on a FAST diagram's function logic path follow:

A) How-Why logic
B) And-Or logic
C) When-Why logic
D) How-When logic

Solutions: