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SAVE International Value Methodology Associate Sample Questions:

1. What is a function of a teacup?

A) Allow drinking
B) Contain liquid
C) Contain tea
D) Provide container

2. The best study results will usually come from applying the value methodology with:

A) A team working in similar disciplines
B) The current project team
C) A multidisciplinary team with a selected set of skills
D) An executive-level task force

3. The primary objective of the Information phase is to:

A) Understand the subject
B) Transform information
C) Create a cost model
D) Obtain the voice of the customer

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

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

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

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

Solutions: