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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) Exploit
B) Share
C) Mitigate
D) Enhance

2. The primary objective of the Information phase is to:

A) Transform information
B) Understand the subject
C) Create a cost model
D) Obtain the voice of the customer

3. The unique aspect of the value methodology is its application to anything that:

A) is a subject of study.
B) includes an activity.
C) is goal-oriented.
D) performs a function.

4. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Use Value
B) Esteem Value
C) Exchange Value
D) Cost Value

5. Y is pointing to the

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

Solutions: