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SAVE International Value Methodology Associate Sample Questions:

1. The unique aspect of the value methodology is its application to anything that:

A) performs a function.
B) is a subject of study.
C) is goal-oriented.
D) includes an activity.

2. Which is the correct order of steps in establishing evaluation criteria?

A) Define criteria, identify context, determine range/scale, determine importance
B) Define criteria, identify context, determine importance, determine range/scale
C) Identify context, define criteria, determine range/scale, determine importance
D) Identify context, define criteria, determine importance, determine range/scale

3. Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)

A) Apply the "Principle of Deferred Judgment"
B) Encourage "Free-Wheeling" of ideas
C) Emphasize quality rather than quantity
D) Establish an ambitious goal for the number of ideas
E) Emphasize cost savings

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

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

5. 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) Medium
D) Coarse

Solutions: