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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

A) Present Worth (or Net Present Value)
B) Simple Payback (or Breakeven Point)
C) Return on Investment (ROI)
D) Discount Rate

2. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A) Development, Presentation, Evaluation, and Implementation
B) Evaluation, Development, Presentation, and Implementation
C) Evaluation, Development, Implementation, and Presentation
D) Development, Evaluation, Presentation, and Implementation

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

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

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

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

5. Function E is the:

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

Solutions: