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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

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

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

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

3. Which phase enables the VM team to select viable ideas?

A) Development
B) Evaluation
C) Presentation
D) Function Analysis

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) Enhanced when outputs are included in calculations
C) Increased when the VM proposals improve performance
D) Improved when costs are aligned with scope increases

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

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

Solutions: