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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Identify which are key data used to transform information for a product value study:

A) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
B) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
C) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
D) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics

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

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

3. The Pareto Principle as applied in the Value Methodology means:

A) 80% of the whole includes 20% of the resources
B) 80% of functions represent 20% of components
C) 20% of elements represent 80% of the cost
D) 20% of risks impact 80% of elements

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

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

5. Which of the following is most relevant to the Evaluation Phase?

A) Return on Investment
B) Constraints
C) Cost Model
D) Weighting

Solutions: