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SAVE International Value Methodology Associate Sample Questions:

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

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

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

3. The Value Methodology is:

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

4. The best study results will usually come from applying the value methodology with:

A) A team working in similar disciplines
B) A multidisciplinary team with a selected set of skills
C) An executive-level task force
D) The current project team

5. Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A) Presentation
B) Creativity
C) Implementation
D) Function Analysis

Solutions: