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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which of the following best defines an activity?

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

3. Which is the correct order of steps in establishing evaluation criteria?

A) Identify context, define criteria, determine importance, determine range/scale
B) Define criteria, identify context, determine range/scale, determine importance
C) Identify context, define criteria, determine range/scale, determine importance
D) Define criteria, identify context, determine importance, determine range/scale

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

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

5. Which of the following best describes a VM study?

A) An analysis of a completed project design by a VM team
B) A structured effort by a multidisciplinary team using the VM
C) An improvement process similar to Lean Six Sigma
D) A workshop that applies the VM facilitated by a CVS

Solutions: