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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

Question 1

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

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

Question 2

An unwanted function of a hammer would be:

A. Transmit vibration
B. Apply force
C. Swing arm
D. Deliver force

Question 3

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 specific task, action, or operation with a high level of abstraction
D. A task, action, or operation that describes why a function is performed

Question 4

The Pareto Principle as applied in the Value Methodology means:

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

Question 5

Which is the correct order of steps involved in risk management?

A. Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control
B. Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C. Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
D. Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control

Solutions: