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SAVE International Value Methodology Associate Sample Questions:

1. During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:

A) Organizing
B) Operating
C) Planning
D) Maintaining

2. If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

A) 53 years
B) 56 years
C) 50 years
D) 45 years

3. The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

A) Divergent and abstract
B) Critical and divergent
C) Convergent and abstract
D) Convergent and divergent

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

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

5. Which is the correct order of steps involved in risk management?

A) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control
B) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control

Solutions: