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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

Question 1

Which function represents the specific goals or needs for which the subject scope exists?

A. Basic
B. Secondary
C. Higher Order
D. Lower Order

Question 2

What is the objective of the Creativity Phase?

A. Prioritize improvement ideas
B. Develop improvement ideas
C. Generate improvement ideas
D. Select improvement ideas

Question 3

Risks associated with a project, product, or process typically impact:

A. Time, function, or attributes
B. Cost, requirements, or results
C. Schedule, cost, or performance
D. Resources, regulations, or time

Question 4

An effective Information Phase kickoff meeting:

A. Describes how functions have normally been accomplished.
B. Discusses the challenges of the proposed VM study approach.
C. Indicates the VM solutions desired by decision makers.
D. Outlines goals for the study subject and VM study objectives.

Question 5

If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A. 50 years
B. 45 years
C. 53 years
D. 56 years

Solutions: