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SAVE International Value Methodology Associate Sample Questions:

1. 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) Enhanced when outputs are included in calculations
C) Greatest during the early phases of the project lifecycle
D) Increased when the VM proposals improve performance

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

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

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

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

4. Within the scope of a residential door (including the door frame, hinges, lock set, and door handle), which of the following does not contain activities?

A) Install screws, separate spaces, secure space
B) Restrict access, improve safety, transmit force
C) Connect spaces, construct frame, attract user
D) Rotate door, support load, grasp handle

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

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

Solutions: