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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following is a basic function of a bicycle?

A) Move People
B) Transport Goods
C) Transport Mass
D) Provide Transportation

2. The Value Methodology is:

A) A suggestion program to improve value.
B) A step-by-step design review to improve value.
C) A cost reduction exercise to improve value.
D) An eight-phase process to improve value.

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

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

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

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

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

Solutions: