SAVE International VMA : Value Methodology Associate

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SAVE International Value Methodology Associate Sample Questions:

1. Which are the three main characteristics of the Value Methodology?

A) Systematic process, multidisciplinary team, qualified VM facilitator
B) Function Analysis, brainstorming, teamwork
C) Multidisciplinary team, cost reduction, function improvement
D) Systematic process, function analysis, CVS

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

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

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

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

4. Ground rules that support creative brainstorming include:

A) Focusing on prioritized functions, deferring judgment, and improving ideas.
B) Focusing on quality ideas, discussing their merits, and maintaining momentum.
C) Encouraging openness to ideas, freewheeling, and recording good ideas.
D) Requesting idea clarification, discussing cost impacts, and considering performance.

5. 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) 45 years
B) 53 years
C) 56 years
D) 50 years

Solutions: