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SAVE International Value Methodology Associate Sample Questions:

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

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

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

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

3. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Increased when the VM proposals improve performance
B) Improved when costs are aligned with scope increases
C) Greatest during the early phases of the project lifecycle
D) Enhanced when outputs are included in calculations

4. Which is the correct order of steps in establishing evaluation criteria?

A) Define criteria, identify context, determine range/scale, determine importance
B) Identify context, define criteria, determine range/scale, determine importance
C) Define criteria, identify context, determine importance, determine range/scale
D) Identify context, define criteria, determine importance, determine range/scale

5. Which of the following functions is a Subject Objective?

A) Function O
B) Function R
C) Function Q
D) Function P

Solutions: