SAVE International Value Methodology Associate - VMA

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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

A) State the disposition of the proposal
B) Assess time and schedule impacts
C) Address technical feasibility
D) Validate the proposal
E) Determine costs

2. The Pareto Principle as applied in the Value Methodology means:

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

3. During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:

A) Planning
B) Organizing
C) Maintaining
D) Operating

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

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

5. Which of the following best defines an activity?

A) A task, action, or operation that describes how a function is performed
B) A task, action, or operation that describes why a function is performed
C) A specific task, action, or operation that is generic and changes viewpoints
D) A specific task, action, or operation with a high level of abstraction

Solutions: