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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Ground rules that support creative brainstorming include:

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

2. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Enhanced when outputs are included in calculations
B) Increased when the VM proposals improve performance
C) Improved when costs are aligned with scope increases
D) Greatest during the early phases of the project lifecycle

3. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) Address technical feasibility
B) Assess time and schedule impacts
C) Validate the proposal
D) State the disposition of the proposal
E) Determine costs

4. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

A) Fine
B) Reasonable
C) Coarse
D) Medium

5. Which is the correct order of steps involved in risk management?

A) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
B) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
C) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control

Solutions: