SAVE International VMA : Value Methodology Associate

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SAVE International Value Methodology Associate Sample Questions:

1. 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

2. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) Address technical feasibility
B) State the disposition of the proposal
C) Validate the proposal
D) Assess time and schedule impacts
E) Determine costs

3. Which function is located to the left of the left vertical line in a FAST diagram?

A) Basic Function
B) Lower Order Function
C) Secondary Function
D) Higher Order Function

4. The primary objective of the Information phase is to:

A) Understand the subject
B) Create a cost model
C) Transform information
D) Obtain the voice of the customer

5. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Interviews
B) Questionnaires
C) Focus panels
D) Surveys

Solutions: