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SAVE International Value Methodology Associate Sample Questions:

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

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

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

3. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

A) Convergent and divergent
B) Critical and divergent
C) Convergent and abstract
D) Divergent and abstract

4. 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) Increased when the VM proposals improve performance
C) Improved when costs are aligned with scope increases
D) Greatest during the early phases of the project lifecycle

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

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

Solutions: