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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. In which costing technique is the time value of money essential?

A) Break-even point
B) Simple Payback
C) Life Cycle Cost
D) Return on Investment

2. The best study results will usually come from applying the value methodology with:

A) An executive-level task force
B) A multidisciplinary team with a selected set of skills
C) A team working in similar disciplines
D) The current project team

3. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

A) Function Analysis Phase
B) Presentation Phase
C) Creativity Phase
D) Evaluation Phase

4. How many phases are in the VM Job Plan?

A) 3
B) 7
C) 6
D) 8

5. When transforming subject scope information, it is most important that the VM study team have a clear understanding of:

A) the subject's purpose and the objectives of the VM study.
B) value improvement ideas and performance attributes.
C) the interests and influence of customers, users, and stakeholders.
D) the Pareto chart, risk data, and quality expectations.

Solutions: