SAVE International VMA

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SAVE International Value Methodology Associate Sample Questions:

1. The best study results will usually come from applying the value methodology with:

A) The current project team
B) A multidisciplinary team with a selected set of skills
C) An executive-level task force
D) A team working in similar disciplines

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

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

3. In which phases of the VM Job Plan does the VM study team use convergent thinking?

A) Creativity, Evaluation, Development
B) Function Analysis, Creativity, Evaluation
C) Evaluation, Development, Presentation
D) Information, Function Analysis, Creativity

4. Function E is the:

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

5. What is the objective of the Creativity Phase?

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

Solutions: