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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 demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
B) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
C) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
D) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements

2. Which phase enables the VM team to select viable ideas?

A) Presentation
B) Function Analysis
C) Development
D) Evaluation

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

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

4. How many phases are in the VM Job Plan?

A) 8
B) 6
C) 3
D) 7

5. What is a function of a teacup?

A) Provide container
B) Allow drinking
C) Contain liquid
D) Contain tea

Solutions: