SAVE International : VMA Questions & Answers
Updated: Sep 03, 2025
No. of Questions: 63 Questions & Answers with Testing Engine
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SAVE International Value Methodology Associate Sample Questions:
1. Ground rules that support creative brainstorming include:
A) Requesting idea clarification, discussing cost impacts, and considering performance.
B) Focusing on prioritized functions, deferring judgment, and improving ideas.
C) Focusing on quality ideas, discussing their merits, and maintaining momentum.
D) Encouraging openness to ideas, freewheeling, and recording good ideas.
2. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?
A) Coarse, Fine, Medium
B) Medium, Fine, Coarse
C) Medium, Coarse, Fine
D) Coarse, Medium, Fine
3. Which is the correct order of steps in establishing evaluation criteria?
A) Identify context, define criteria, determine range/scale, determine importance
B) Define criteria, identify context, determine importance, determine range/scale
C) Identify context, define criteria, determine importance, determine range/scale
D) Define criteria, identify context, determine range/scale, determine importance
4. 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
5. The Pareto Principle as applied in the Value Methodology means:
A) 20% of risks impact 80% of elements
B) 80% of the whole includes 20% of the resources
C) 80% of functions represent 20% of components
D) 20% of elements represent 80% of the cost
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |
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