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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. 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 elements represent 80% of the cost
D) 20% of risks impact 80% of elements

2. What function must a pen or pencil perform?

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

3. Which is the correct order of steps in establishing evaluation criteria?

A) Define criteria, identify context, determine range/scale, determine importance
B) Identify context, define criteria, determine importance, determine range/scale
C) Define criteria, identify context, determine importance, determine range/scale
D) Identify context, define criteria, determine range/scale, determine importance

4. Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)

A) Emphasize cost savings
B) Encourage "Free-Wheeling" of ideas
C) Apply the "Principle of Deferred Judgment"
D) Emphasize quality rather than quantity
E) Establish an ambitious goal for the number of ideas

5. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

A) Present Worth (or Net Present Value)
B) Return on Investment (ROI)
C) Discount Rate
D) Simple Payback (or Breakeven Point)

Solutions: