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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. The VM is defined by SAVE International as a:

A) Specialized process
B) Structured process
C) Systematic process
D) Sequential process

2. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Creativity Phase
B) Evaluation Phase
C) Information Phase
D) Presentation Phase

3. Which function represents the specific goals or needs for which the subject scope exists?

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

4. Ground rules that support creative brainstorming include:

A) Requesting idea clarification, discussing cost impacts, and considering performance.
B) Focusing on prioritized functions, deferring judgment, and improving ideas.
C) Encouraging openness to ideas, freewheeling, and recording good ideas.
D) Focusing on quality ideas, discussing their merits, and maintaining momentum.

5. Which is the correct order of steps involved in risk management?

A) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
B) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control

Solutions: