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SAVE International Value Methodology Associate Sample Questions:

1. During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:

A) Operating
B) Organizing
C) Maintaining
D) Planning

2. Which of the following best defines an activity?

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

3. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

A) Medium, Fine, Coarse
B) Medium, Coarse, Fine
C) Coarse, Medium, Fine
D) Coarse, Fine, Medium

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

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

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

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

Solutions: