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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Focus panels
B) Questionnaires
C) Interviews
D) Surveys

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

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

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

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

5. 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) Observation, Hypothesis, Experimentation, Conclusion
C) Hypothesis, Experimentation, Observation, Conclusion
D) Hypothesis, Observation, Experimentation, Conclusion

Solutions: