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SAVE International Value Methodology Associate Sample Questions:

1. The best study results will usually come from applying the value methodology with:

A) The current project team
B) A multidisciplinary team with a selected set of skills
C) An executive-level task force
D) A team working in similar disciplines

2. Which function is located to the left of the left vertical line in a FAST diagram?

A) Basic Function
B) Lower Order Function
C) Higher Order Function
D) Secondary Function

3. What function must a pen or pencil perform?

A) Mark surface
B) Convey message
C) Write documents
D) Color surface

4. Which type of value is the sum of labor, material, and other resources required to produce the subject?

A) Cost Value
B) Use Value
C) Exchange Value
D) Esteem Value

5. 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) Share
C) Mitigate
D) Enhance

Solutions: