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SAVE International Value Methodology Associate Sample Questions:

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

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

2. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A) Evaluation, Development, Implementation, and Presentation
B) Development, Presentation, Evaluation, and Implementation
C) Development, Evaluation, Presentation, and Implementation
D) Evaluation, Development, Presentation, and Implementation

3. Within the scope of a residential door (including the door frame, hinges, lock set, and door handle), which of the following does not contain activities?

A) Connect spaces, construct frame, attract user
B) Rotate door, support load, grasp handle
C) Restrict access, improve safety, transmit force
D) Install screws, separate spaces, secure space

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

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

5. 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) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
C) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
D) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information

Solutions: