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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

A) Mitigate
B) Share
C) Enhance
D) Exploit

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

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

3. What is the term for the vertical demarcations on the left and right of a FAST diagram?

A) When Direction Lines
B) Function Logic Lines
C) Scope Lines
D) Subject Lines

4. Which function is located to the left of the left vertical line in a FAST diagram?

A) Basic Function
B) Secondary Function
C) Higher Order Function
D) Lower Order Function

5. When transforming the VM study subject's cost information, the potential for achieving major savings is:

A) Enhanced when outputs are included in calculations
B) Improved when costs are aligned with scope increases
C) Increased when the VM proposals improve performance
D) Greatest during the early phases of the project lifecycle

Solutions: