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SAVE International Value Methodology Associate Sample Questions:

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

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

2. The Pareto Principle as applied in the Value Methodology means:

A) 20% of elements represent 80% of the cost
B) 80% of functions represent 20% of components
C) 80% of the whole includes 20% of the resources
D) 20% of risks impact 80% of elements

3. Which function represents the specific goals or needs for which the subject scope exists?

A) Higher Order
B) Basic
C) Lower Order
D) Secondary

4. The Development Phase involves which of the following steps?

A) Assign ideas to VM study team members
B) Determine verb-noun combinations for ideas
C) Prioritize ideas
D) Model the cost of ideas

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

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

Solutions: