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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following best describes a VM study?

A) A structured effort by a multidisciplinary team using the VM
B) A workshop that applies the VM facilitated by a CVS
C) An analysis of a completed project design by a VM team
D) An improvement process similar to Lean Six Sigma

2. Which of the following best describes a VM study?

A) Is considered a business improvement best practice
B) It is a structured effort using the VM process to improve value
C) Is undertaken after the design is completed
D) Must be led by a Certified Value Specialist

3. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

A) Medium, Fine, Coarse
B) Coarse, Medium, Fine
C) Medium, Coarse, Fine
D) Coarse, Fine, Medium

4. An unwanted function of a hammer would be:

A) Swing arm
B) Apply force
C) Transmit vibration
D) Deliver force

5. What is the objective of the Creativity Phase?

A) Develop improvement ideas
B) Select improvement ideas
C) Generate improvement ideas
D) Prioritize improvement ideas

Solutions: