SAVE International Value Methodology Associate : VMA

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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

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

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

2. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Observation, Hypothesis, Experimentation, Conclusion
B) Hypothesis, Experimentation, Observation, Conclusion
C) Observation, Experimentation, Hypothesis, Conclusion
D) Hypothesis, Observation, Experimentation, Conclusion

3. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A) Exploit
B) Enhance
C) Share
D) Mitigate

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

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

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

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

Solutions: