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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. A Random Function Identification table contains:

A) Inputs, objectives, and sequence
B) Costs, time, and risks
C) Elements, functions, and classifications
D) Components, resources, and criteria

2. An effective Information Phase kickoff meeting:

A) Outlines goals for the study subject and VM study objectives.
B) Describes how functions have normally been accomplished.
C) Discusses the challenges of the proposed VM study approach.
D) Indicates the VM solutions desired by decision makers.

3. Ground rules that support creative brainstorming include:

A) Focusing on prioritized functions, deferring judgment, and improving ideas.
B) Encouraging openness to ideas, freewheeling, and recording good ideas.
C) Requesting idea clarification, discussing cost impacts, and considering performance.
D) Focusing on quality ideas, discussing their merits, and maintaining momentum.

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

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

5. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

A) Convergent and divergent
B) Critical and divergent
C) Convergent and abstract
D) Divergent and abstract

Solutions: