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SAVE International Value Methodology Associate Sample Questions:

1. The primary objective of the Information phase is to:

A) Understand the subject
B) Transform information
C) Obtain the voice of the customer
D) Create a cost model

2. In which costing technique is the time value of money essential?

A) Simple Payback
B) Break-even point
C) Life Cycle Cost
D) Return on Investment

3. Which of the following is a basic function of a bicycle?

A) Transport Goods
B) Transport Mass
C) Move People
D) Provide Transportation

4. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

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

5. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A) Development, Evaluation, Presentation, and Implementation
B) Evaluation, Development, Presentation, and Implementation
C) Evaluation, Development, Implementation, and Presentation
D) Development, Presentation, Evaluation, and Implementation

Solutions: