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SAVE International Value Methodology Associate Sample Questions:

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

2. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A) Enhance
B) Mitigate
C) Exploit
D) Share

3. Y is pointing to the

A) "AND" Gate
B) Critical Logic Path
C) Minor Logic Path
D) "OR" Gate

4. How many phases are in the VM Job Plan?

A) 7
B) 8
C) 3
D) 6

5. Function E is the:

A) Secondary Function
B) Basic Function
C) Higher Order Function
D) Required Secondary Function

Solutions: