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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Questionnaires
B) Focus panels
C) Surveys
D) Interviews

2. The unique aspect of the value methodology is its application to anything that:

A) is a subject of study.
B) performs a function.
C) is goal-oriented.
D) includes an activity.

3. In which costing technique is the time value of money essential?

A) Life Cycle Cost
B) Break-even point
C) Return on Investment
D) Simple Payback

4. Which of the following best defines an activity?

A) A task, action, or operation that describes why a function is performed
B) A specific task, action, or operation with a high level of abstraction
C) A task, action, or operation that describes how a function is performed
D) A specific task, action, or operation that is generic and changes viewpoints

5. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) State the disposition of the proposal
B) Address technical feasibility
C) Validate the proposal
D) Determine costs
E) Assess time and schedule impacts

Solutions: