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SAVE International Value Methodology Associate Sample Questions:

1. Which phase enables the VM team to select viable ideas?

A) Development
B) Evaluation
C) Presentation
D) Function Analysis

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

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

3. Within the scope of a residential door (including the door frame, hinges, lock set, and door handle), which of the following does not contain activities?

A) Restrict access, improve safety, transmit force
B) Rotate door, support load, grasp handle
C) Install screws, separate spaces, secure space
D) Connect spaces, construct frame, attract user

4. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

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

5. What is the objective of the Creativity Phase?

A) Select improvement ideas
B) Generate improvement ideas
C) Prioritize improvement ideas
D) Develop improvement ideas

Solutions: