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SAVE International Value Methodology Associate Sample Questions:

1. In SWOT analysis:

A) Threats and strengths are harmful attributes.
B) Opportunities and threats are external attributes.
C) Strengths and weaknesses are helpful attributes.
D) Strengths and opportunities are internal attributes.

2. What is the term for the vertical demarcations on the left and right of a FAST diagram?

A) Subject Lines
B) When Direction Lines
C) Function Logic Lines
D) Scope Lines

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

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

4. Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A) Function Analysis
B) Implementation
C) Presentation
D) Creativity

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

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

Solutions: