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SAVE International Value Methodology Associate Sample Questions:

1. The best study results will usually come from applying the value methodology with:

A) The current project team
B) A team working in similar disciplines
C) An executive-level task force
D) A multidisciplinary team with a selected set of skills

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

A) A structured effort by a multidisciplinary team using the VM
B) A workshop that applies the VM facilitated by a CVS
C) An analysis of a completed project design by a VM team
D) An improvement process similar to Lean Six Sigma

3. Identify which are key data used to transform information for a product value study:

A) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
B) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
C) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
D) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements

4. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Observation, Hypothesis, Experimentation, Conclusion
B) Hypothesis, Observation, Experimentation, Conclusion
C) Observation, Experimentation, Hypothesis, Conclusion
D) Hypothesis, Experimentation, Observation, Conclusion

5. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

A) Critical and divergent
B) Convergent and divergent
C) Convergent and abstract
D) Divergent and abstract

Solutions: