SAVE International : VMA Questions & Answers

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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Improved when costs are aligned with scope increases
B) Greatest during the early phases of the project lifecycle
C) Enhanced when outputs are included in calculations
D) Increased when the VM proposals improve performance

2. Which of the following is a basic function of a bicycle?

A) Transport Mass
B) Provide Transportation
C) Transport Goods
D) Move People

3. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

A) Return on Investment (ROI)
B) Discount Rate
C) Present Worth (or Net Present Value)
D) Simple Payback (or Breakeven Point)

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

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

5. 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 Identification, Risk Analysis, 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 Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control

Solutions: