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SAVE International Value Methodology Associate Sample Questions:

1. 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) Exploit
B) Mitigate
C) Share
D) Enhance

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

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

3. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 53 years
B) 50 years
C) 45 years
D) 56 years

4. 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 analysis of a completed project design by a VM team
D) An improvement process similar to Lean Six Sigma

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

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

Solutions: