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SAVE International Value Methodology Associate Sample Questions:

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

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

2. Which of the following functions is a Subject Objective?

A) Function R
B) Function P
C) Function O
D) Function Q

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

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

4. Which of the following letters represents the scope lines?

A) C
B) B
C) D
D) A

5. The Pareto Principle as applied in the Value Methodology means:

A) 20% of risks impact 80% of elements
B) 20% of elements represent 80% of the cost
C) 80% of the whole includes 20% of the resources
D) 80% of functions represent 20% of components

Solutions: