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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. An effective Information Phase kickoff meeting:

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

2. Which is the correct order of steps involved in risk management?

A) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
B) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control

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

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

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

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

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

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

Solutions: