SAVE International VMA : Value Methodology Associate

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SAVE International Value Methodology Associate Sample Questions:

1. Risks associated with a project, product, or process typically impact:

A) Resources, regulations, or time
B) Schedule, cost, or performance
C) Time, function, or attributes
D) Cost, requirements, or results

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) Enhance
B) Share
C) Exploit
D) Mitigate

3. The best study results will usually come from applying the value methodology with:

A) An executive-level task force
B) The current project team
C) A multidisciplinary team with a selected set of skills
D) A team working in similar disciplines

4. Which of the following best defines an activity?

A) A task, action, or operation that describes how a function is performed
B) A specific task, action, or operation that is generic and changes viewpoints
C) A task, action, or operation that describes why a function is performed
D) A specific task, action, or operation with a high level of abstraction

5. What is the term for the vertical demarcations on the left and right of a FAST diagram?

A) Subject Lines
B) When Direction Lines
C) Scope Lines
D) Function Logic Lines

Solutions: