SAVE International VMA : Value Methodology Associate

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SAVE International Value Methodology Associate Sample Questions:

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

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

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) State the disposition of the proposal
D) Determine costs
E) Address technical feasibility

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

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

4. The primary objective of the Information phase is to:

A) Obtain the voice of the customer
B) Understand the subject
C) Create a cost model
D) Transform information

5. Which of the following is most relevant to the Evaluation Phase?

A) Constraints
B) Weighting
C) Cost Model
D) Return on Investment

Solutions: