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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

Question 1

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

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

Question 2

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

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

Question 3

The unique aspect of the value methodology is its application to anything that:

A. is a subject of study.
B. is goal-oriented.
C. performs a function.
D. includes an activity.

Question 4

Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A. Focus panels
B. Interviews
C. Surveys
D. Questionnaires

Question 5

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

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

Solutions: