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SAVE International Value Methodology Associate Sample Questions:

1. The Value Methodology is:

A) A step-by-step design review to improve value.
B) An eight-phase process to improve value.
C) A cost reduction exercise to improve value.
D) A suggestion program to improve value.

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

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

3. What function must a pen or pencil perform?

A) Color surface
B) Write documents
C) Convey message
D) Mark surface

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

A) It is a structured effort using the VM process to improve value
B) Is undertaken after the design is completed
C) Must be led by a Certified Value Specialist
D) Is considered a business improvement best practice

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

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

Solutions: