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SAVE International Value Methodology Associate Sample Questions:

1. Ground rules that support creative brainstorming include:

A) Focusing on prioritized functions, deferring judgment, and improving ideas.
B) Requesting idea clarification, discussing cost impacts, and considering performance.
C) Focusing on quality ideas, discussing their merits, and maintaining momentum.
D) Encouraging openness to ideas, freewheeling, and recording good ideas.

2. Functions on a FAST diagram's function logic path follow:

A) How-Why logic
B) How-When logic
C) When-Why logic
D) And-Or logic

3. The primary objective of the Information phase is to:

A) Understand the subject
B) Transform information
C) Obtain the voice of the customer
D) Create a cost model

4. 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) 45 years
D) 50 years

5. Identify which are key data used to transform information for a product value study:

A) Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
B) Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
C) Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
D) Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information

Solutions: