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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Function E is the:

A) Secondary Function
B) Basic Function
C) Required Secondary Function
D) Higher Order Function

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

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

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

4. One of the main purposes of the Miles Value Foundation is to:

A) Improve VM programs
B) Conduct VM training
C) Promote VM education
D) Manage VM certification

5. Which of the following is most relevant to the Evaluation Phase?

A) Return on Investment
B) Constraints
C) Weighting
D) Cost Model

Solutions: