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SAVE International Value Methodology Associate Sample Questions:

1. Which is the correct order of steps involved in risk management?

A) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
B) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control
C) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control

2. Which are the three main characteristics of the Value Methodology?

A) Multidisciplinary team, cost reduction, function improvement
B) Systematic process, function analysis, CVS
C) Systematic process, multidisciplinary team, qualified VM facilitator
D) Function Analysis, brainstorming, teamwork

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

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

4. One of the main purposes of the Miles Value Foundation is to:

A) Improve VM programs
B) Manage VM certification
C) Promote VM education
D) Conduct VM training

5. Ground rules that support creative brainstorming include:

A) Requesting idea clarification, discussing cost impacts, and considering performance.
B) Focusing on quality ideas, discussing their merits, and maintaining momentum.
C) Encouraging openness to ideas, freewheeling, and recording good ideas.
D) Focusing on prioritized functions, deferring judgment, and improving ideas.

Solutions: