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SAVE International Value Methodology Associate Sample Questions:

1. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

A) Coarse, Fine, Medium
B) Coarse, Medium, Fine
C) Medium, Fine, Coarse
D) Medium, Coarse, Fine

2. How many phases are in the VM Job Plan?

A) 3
B) 7
C) 6
D) 8

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

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

4. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 53 years
B) 56 years
C) 50 years
D) 45 years

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

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

Solutions: