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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Which function represents the specific goals or needs for which the subject scope exists?

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

2. When transforming subject scope information, it is most important that the VM study team have a clear understanding of:

A) value improvement ideas and performance attributes.
B) the Pareto chart, risk data, and quality expectations.
C) the subject's purpose and the objectives of the VM study.
D) the interests and influence of customers, users, and stakeholders.

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

A) A structured effort by a multidisciplinary team using the VM
B) An improvement process similar to Lean Six Sigma
C) An analysis of a completed project design by a VM team
D) A workshop that applies the VM facilitated by a CVS

4. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Cost Value
B) Esteem Value
C) Use Value
D) Exchange Value

5. What is a function of a teacup?

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

Solutions: