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Updated: Jul 02, 2026
No. of Questions: 63 Questions & Answers with Testing Engine
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SAVE International Value Methodology Associate Sample Questions:
1. Identify which are key data used to transform information for a product value study:
A) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
B) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
C) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
D) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
2. Which of the following best describes a VM study?
A) Is undertaken after the design is completed
B) It is a structured effort using the VM process to improve value
C) Is considered a business improvement best practice
D) Must be led by a Certified Value Specialist
3. 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) Enhance
D) Share
4. Which are the three main characteristics of the Value Methodology?
A) Function Analysis, brainstorming, teamwork
B) Systematic process, function analysis, CVS
C) Systematic process, multidisciplinary team, qualified VM facilitator
D) Multidisciplinary team, cost reduction, function improvement
5. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?
A) Convergent and abstract
B) Critical and divergent
C) Divergent and abstract
D) Convergent and divergent
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |
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