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SAVE International Value Methodology Associate Sample Questions:

1. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Presentation Phase
B) Information Phase
C) Evaluation Phase
D) Creativity Phase

2. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) Assess time and schedule impacts
B) Validate the proposal
C) Determine costs
D) Address technical feasibility
E) State the disposition of the proposal

3. In which costing technique is the time value of money essential?

A) Return on Investment
B) Simple Payback
C) Break-even point
D) Life Cycle Cost

4. The VM is defined by SAVE International as a:

A) Structured process
B) Sequential process
C) Specialized process
D) Systematic process

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

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

Solutions: