Mock exam available

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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) Maintaining
C) Organizing
D) Planning

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

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

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

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

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

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

5. When transforming subject scope information, it is most important that the VM study team have a clear understanding of:

A) the interests and influence of customers, users, and stakeholders.
B) value improvement ideas and performance attributes.
C) the subject's purpose and the objectives of the VM study.
D) the Pareto chart, risk data, and quality expectations.

Solutions: