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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which phase enables the VM team to select viable ideas?

A) Function Analysis
B) Evaluation
C) Development
D) Presentation

3. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 45 years
B) 50 years
C) 53 years
D) 56 years

4. An unwanted function of a hammer would be:

A) Swing arm
B) Apply force
C) Transmit vibration
D) Deliver force

5. Which function is located to the left of the left vertical line in a FAST diagram?

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

Solutions: