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SAVE International Value Methodology Associate Sample Questions:

1. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 56 years
B) 50 years
C) 53 years
D) 45 years

2. Which of the following functions is a Subject Objective?

A) Function R
B) Function P
C) Function O
D) Function Q

3. Risks associated with a project, product, or process typically impact:

A) Cost, requirements, or results
B) Resources, regulations, or time
C) Time, function, or attributes
D) Schedule, cost, or performance

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

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

5. In which phases of the VM Job Plan does the VM study team use convergent thinking?

A) Function Analysis, Creativity, Evaluation
B) Information, Function Analysis, Creativity
C) Creativity, Evaluation, Development
D) Evaluation, Development, Presentation

Solutions: