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Updated: Jul 01, 2026
No. of Questions: 63 Questions & Answers with Testing Engine
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SAVE International Value Methodology Associate Sample Questions:
1. The primary objective of the Information phase is to:
A) Understand the subject
B) Transform information
C) Obtain the voice of the customer
D) Create a cost model
2. When transforming subject scope information, it is most important that the VM study team have a clear understanding of:
A) the Pareto chart, risk data, and quality expectations.
B) the subject's purpose and the objectives of the VM study.
C) value improvement ideas and performance attributes.
D) the interests and influence of customers, users, and stakeholders.
3. The Value Methodology is:
A) A step-by-step design review to improve value.
B) A cost reduction exercise to improve value.
C) A suggestion program to improve value.
D) An eight-phase process to improve value.
4. Which phase enables the VM team to select viable ideas?
A) Evaluation
B) Development
C) Function Analysis
D) Presentation
5. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?
A) Exploit
B) Share
C) Enhance
D) Mitigate
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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