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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

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

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

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

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

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

4. In which phases of the VM Job Plan does the VM study team use convergent thinking?

A) Creativity, Evaluation, Development
B) Evaluation, Development, Presentation
C) Information, Function Analysis, Creativity
D) Function Analysis, Creativity, Evaluation

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

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

Solutions: