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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)

A) Encourage "Free-Wheeling" of ideas
B) Emphasize quality rather than quantity
C) Establish an ambitious goal for the number of ideas
D) Emphasize cost savings
E) Apply the "Principle of Deferred Judgment"

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

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

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

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

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

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

Solutions: