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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. A Random Function Identification table contains:

A) Inputs, objectives, and sequence
B) Components, resources, and criteria
C) Costs, time, and risks
D) Elements, functions, and classifications

2. Which of the following best describes a VM study?

A) It is a structured effort using the VM process to improve value
B) Must be led by a Certified Value Specialist
C) Is undertaken after the design is completed
D) Is considered a business improvement best practice

3. How many phases are in the VM Job Plan?

A) 8
B) 7
C) 3
D) 6

4. In SWOT analysis:

A) Strengths and weaknesses are helpful attributes.
B) Threats and strengths are harmful attributes.
C) Strengths and opportunities are internal attributes.
D) Opportunities and threats are external attributes.

5. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Creativity Phase
B) Information Phase
C) Presentation Phase
D) Evaluation Phase

Solutions: