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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. 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) Share
B) Mitigate
C) Enhance
D) Exploit

2. An effective Information Phase kickoff meeting:

A) Discusses the challenges of the proposed VM study approach.
B) Outlines goals for the study subject and VM study objectives.
C) Describes how functions have normally been accomplished.
D) Indicates the VM solutions desired by decision makers.

3. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Hypothesis, Experimentation, Observation, Conclusion
B) Observation, Hypothesis, Experimentation, Conclusion
C) Observation, Experimentation, Hypothesis, Conclusion
D) Hypothesis, Observation, Experimentation, Conclusion

4. Which function is located to the left of the left vertical line in a FAST diagram?

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

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

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

Solutions: