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SAVE International Value Methodology Associate Sample Questions:

1. Which is the correct order of steps in establishing evaluation criteria?

A) Identify context, define criteria, determine range/scale, determine importance
B) Define criteria, identify context, determine importance, determine range/scale
C) Define criteria, identify context, determine range/scale, determine importance
D) Identify context, define criteria, determine importance, determine range/scale

2. A Random Function Identification table contains:

A) Inputs, objectives, and sequence
B) Costs, time, and risks
C) Components, resources, and criteria
D) Elements, functions, and classifications

3. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

A) Development, Evaluation, Presentation, and Implementation
B) Development, Presentation, Evaluation, and Implementation
C) Evaluation, Development, Presentation, and Implementation
D) Evaluation, Development, Implementation, and Presentation

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

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

5. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

A) Return on Investment (ROI)
B) Simple Payback (or Breakeven Point)
C) Present Worth (or Net Present Value)
D) Discount Rate

Solutions: