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SAVE International Value Methodology Associate Sample Questions:

1. In which costing technique is the time value of money essential?

A) Return on Investment
B) Simple Payback
C) Break-even point
D) Life Cycle Cost

2. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Surveys
B) Focus panels
C) Interviews
D) Questionnaires

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

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

4. 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

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

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

Solutions: