SAVE International Value Methodology VMA

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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following is most relevant to the Evaluation Phase?

A) Constraints
B) Weighting
C) Cost Model
D) Return on Investment

2. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Greatest during the early phases of the project lifecycle
B) Increased when the VM proposals improve performance
C) Enhanced when outputs are included in calculations
D) Improved when costs are aligned with scope increases

3. An effective Information Phase kickoff meeting:

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

4. Which of the following letters represents the scope lines?

A) B
B) C
C) D
D) A

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

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

Solutions: