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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following best defines an activity?

A) A task, action, or operation that describes how a function is performed
B) A task, action, or operation that describes why a function is performed
C) A specific task, action, or operation that is generic and changes viewpoints
D) A specific task, action, or operation with a high level of abstraction

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

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

3. A Random Function Identification table contains:

A) Costs, time, and risks
B) Inputs, objectives, and sequence
C) Components, resources, and criteria
D) Elements, functions, and classifications

4. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

A) Convergent and abstract
B) Critical and divergent
C) Divergent and abstract
D) Convergent and divergent

5. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A) Development, Evaluation, Presentation, and Implementation
B) Evaluation, Development, Implementation, and Presentation
C) Development, Presentation, Evaluation, and Implementation
D) Evaluation, Development, Presentation, and Implementation

Solutions: