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

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

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

3. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Use Value
B) Cost Value
C) Exchange Value
D) Esteem Value

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

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

5. Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A) Implementation
B) Function Analysis
C) Presentation
D) Creativity

Solutions: