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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. What is the term for the vertical demarcations on the left and right of a FAST diagram?

A) Scope Lines
B) Function Logic Lines
C) Subject Lines
D) When Direction Lines

2. In which costing technique is the time value of money essential?

A) Life Cycle Cost
B) Break-even point
C) Simple Payback
D) Return on Investment

3. Which of the following best defines an activity?

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

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

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

5. Risks associated with a project, product, or process typically impact:

A) Cost, requirements, or results
B) Schedule, cost, or performance
C) Time, function, or attributes
D) Resources, regulations, or time

Solutions: