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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following best describes a VM study?

A) Is considered a business improvement best practice
B) Is undertaken after the design is completed
C) It is a structured effort using the VM process to improve value
D) Must be led by a Certified Value Specialist

2. Identify which are key data used to transform information for a product value study:

A) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
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) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information

3. An unwanted function of a hammer would be:

A) Deliver force
B) Swing arm
C) Apply force
D) Transmit vibration

4. The unique aspect of the value methodology is its application to anything that:

A) is goal-oriented.
B) includes an activity.
C) is a subject of study.
D) performs a function.

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

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

Solutions: