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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Function E is the:

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

2. 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) Enhance
C) Exploit
D) Share

3. Which of the following best describes a VM study?

A) A workshop that applies the VM facilitated by a CVS
B) An improvement process similar to Lean Six Sigma
C) An analysis of a completed project design by a VM team
D) A structured effort by a multidisciplinary team using the VM

4. The Pareto Principle as applied in the Value Methodology means:

A) 20% of risks impact 80% of elements
B) 80% of the whole includes 20% of the resources
C) 20% of elements represent 80% of the cost
D) 80% of functions represent 20% of components

5. "When" is represented by which of the following letters?

A) C
B) D
C) B
D) A

Solutions: