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SAVE International Value Methodology Associate Sample Questions:

1. What is a function of a teacup?

A) Contain liquid
B) Provide container
C) Contain tea
D) Allow drinking

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

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) Determine costs
D) State the disposition of the proposal
E) Validate the proposal

4. Which of the following best describes a VM study?

A) An improvement process similar to Lean Six Sigma
B) A workshop that applies the VM facilitated by a CVS
C) An analysis of a completed project design by a VM team
D) A structured effort by a multidisciplinary team using the VM

5. The VM is defined by SAVE International as a:

A) Systematic process
B) Specialized process
C) Sequential process
D) Structured process

Solutions: