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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 Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
B) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control
2. Identify which are key data used to transform information for a product value study:
A) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
B) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
C) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
D) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
3. The VM is defined by SAVE International as a:
A) Sequential process
B) Structured process
C) Specialized process
D) Systematic process
4. The unique aspect of the value methodology is its application to anything that:
A) performs a function.
B) is goal-oriented.
C) is a subject of study.
D) includes an activity.
5. What is a function of a teacup?
A) Contain liquid
B) Provide container
C) Contain tea
D) Allow drinking
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |
By Marshall
