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Updated: Sep 04, 2025
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SAVE International Value Methodology Associate Sample Questions:
1. How many phases are in the VM Job Plan?
A) 8
B) 7
C) 3
D) 6
2. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?
A) Divergent and abstract
B) Critical and divergent
C) Convergent and divergent
D) Convergent and abstract
3. Risks associated with a project, product, or process typically impact:
A) Time, function, or attributes
B) Resources, regulations, or time
C) Cost, requirements, or results
D) Schedule, cost, or performance
4. The Pareto Principle as applied in the Value Methodology means:
A) 80% of functions represent 20% of components
B) 20% of risks impact 80% of elements
C) 20% of elements represent 80% of the cost
D) 80% of the whole includes 20% of the resources
5. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?
A) Fine
B) Medium
C) Reasonable
D) Coarse
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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