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SAVE International Value Methodology Associate Sample Questions:

1. 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

2. 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

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. In SWOT analysis:

A) Threats and strengths are harmful attributes.
B) Opportunities and threats are external attributes.
C) Strengths and opportunities are internal attributes.
D) Strengths and weaknesses are helpful attributes.

5. Y is pointing to the

A) Critical Logic Path
B) "OR" Gate
C) Minor Logic Path
D) "AND" Gate

Solutions: