SAVE International Value Methodology Associate : VMA

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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

A) Medium, Fine, Coarse
B) Coarse, Fine, Medium
C) Medium, Coarse, Fine
D) Coarse, Medium, Fine

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

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

3. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

A) Discount Rate
B) Present Worth (or Net Present Value)
C) Return on Investment (ROI)
D) Simple Payback (or Breakeven Point)

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

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

5. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

A) Creativity Phase
B) Evaluation Phase
C) Function Analysis Phase
D) Presentation Phase

Solutions: