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SAVE International VMA Exam Syllabus Topics:

SAVE International Value Methodology Associate Sample Questions:

1. 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) 50 years
B) 56 years
C) 45 years
D) 53 years

2. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

A) Fine
B) Coarse
C) Reasonable
D) Medium

3. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

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

4. In which phase does one work to obtain a thorough understanding of the subject of the VM study?

A) Information Phase
B) Evaluation Phase
C) Presentation Phase
D) Creativity Phase

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

Solutions: