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SAVE International Value Methodology Associate Sample Questions:

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

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

2. All-the-time functions are:

A) Continuous
B) Undesirable
C) A drain on resources
D) Outside the study scope

3. When transforming subject scope information, it is most important that the VM study team have a clear understanding of:

A) the interests and influence of customers, users, and stakeholders.
B) the subject's purpose and the objectives of the VM study.
C) value improvement ideas and performance attributes.
D) the Pareto chart, risk data, and quality expectations.

4. An effective Information Phase kickoff meeting:

A) Outlines goals for the study subject and VM study objectives.
B) Discusses the challenges of the proposed VM study approach.
C) Indicates the VM solutions desired by decision makers.
D) Describes how functions have normally been accomplished.

5. Ground rules that support creative brainstorming include:

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

Solutions: