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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) Return on Investment
C) Constraints
D) Cost Model

2. The VM is defined by SAVE International as a:

A) Sequential process
B) Structured process
C) Systematic process
D) Specialized process

3. Which of the following functions is a Subject Objective?

A) Function P
B) Function O
C) Function Q
D) Function R

4. Identify which are key data used to transform information for a product value study:

A) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
B) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
C) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
D) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports

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

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

Solutions: