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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Which are the three main characteristics of the Value Methodology?

A) Systematic process, function analysis, CVS
B) Multidisciplinary team, cost reduction, function improvement
C) Function Analysis, brainstorming, teamwork
D) Systematic process, multidisciplinary team, qualified VM facilitator

2. Which of the following functions is a Subject Objective?

A) Function R
B) Function O
C) Function Q
D) Function P

3. The Pareto Principle as applied in the Value Methodology means:

A) 80% of the whole includes 20% of the resources
B) 20% of elements represent 80% of the cost
C) 20% of risks impact 80% of elements
D) 80% of functions represent 20% of components

4. Function E is the:

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

5. Identify which are key data used to transform information for a product value study:

A) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
B) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
C) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
D) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports

Solutions: