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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

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

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

2. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Information Phase
B) Creativity Phase
C) Presentation Phase
D) Evaluation Phase

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

4. One of the main purposes of the Miles Value Foundation is to:

A) Promote VM education
B) Improve VM programs
C) Conduct VM training
D) Manage VM certification

5. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Questionnaires
B) Interviews
C) Surveys
D) Focus panels

Solutions: