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SAVE International Value Methodology Associate Sample Questions:

1. 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) 50 years
B) 53 years
C) 56 years
D) 45 years

2. Risks associated with a project, product, or process typically impact:

A) Schedule, cost, or performance
B) Time, function, or attributes
C) Resources, regulations, or time
D) Cost, requirements, or results

3. Function E is the:

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

4. Which of the following letters represents the scope lines?

A) B
B) A
C) D
D) C

5. Which of the following is most relevant to the Evaluation Phase?

A) Return on Investment
B) Cost Model
C) Constraints
D) Weighting

Solutions: