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SAVE International Value Methodology Associate Sample Questions:

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

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

2. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Presentation Phase
B) Creativity Phase
C) Information Phase
D) Evaluation Phase

3. All-the-time functions are:

A) Outside the study scope
B) A drain on resources
C) Undesirable
D) Continuous

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

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

5. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Increased when the VM proposals improve performance
B) Enhanced when outputs are included in calculations
C) Improved when costs are aligned with scope increases
D) Greatest during the early phases of the project lifecycle

Solutions: