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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Which are the three main characteristics of the Value Methodology?

A) Systematic process, function analysis, CVS
B) Systematic process, multidisciplinary team, qualified VM facilitator
C) Multidisciplinary team, cost reduction, function improvement
D) Function Analysis, brainstorming, teamwork

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

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

3. Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A) Function Analysis
B) Implementation
C) Creativity
D) Presentation

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

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

5. 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) Return on Investment (ROI)
B) Present Worth (or Net Present Value)
C) Simple Payback (or Breakeven Point)
D) Discount Rate

Solutions: