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SAVE International Value Methodology Associate Sample Questions:

1. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Enhanced when outputs are included in calculations
B) Improved when costs are aligned with scope increases
C) Greatest during the early phases of the project lifecycle
D) Increased when the VM proposals improve performance

2. What is the term for the vertical demarcations on the left and right of a FAST diagram?

A) Subject Lines
B) Scope Lines
C) Function Logic Lines
D) When Direction Lines

3. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Focus panels
B) Interviews
C) Questionnaires
D) Surveys

4. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

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

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

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

Solutions: