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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Which is the correct order of steps in establishing evaluation criteria?

A) Identify context, define criteria, determine importance, determine range/scale
B) Define criteria, identify context, determine importance, determine range/scale
C) Identify context, define criteria, determine range/scale, determine importance
D) Define criteria, identify context, determine range/scale, determine importance

2. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Enhanced when outputs are included in calculations
B) Improved when costs are aligned with scope increases
C) Increased when the VM proposals improve performance
D) Greatest during the early phases of the project lifecycle

3. A Random Function Identification table contains:

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

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

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

5. Which function is located to the left of the left vertical line in a FAST diagram?

A) Basic Function
B) Lower Order Function
C) Secondary Function
D) Higher Order Function

Solutions: