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SAVE International VMA Exam Syllabus Topics:

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) Enhance
B) Exploit
C) Share
D) Mitigate

2. Which is the correct order of steps in establishing evaluation criteria?

A) Identify context, define criteria, determine range/scale, determine importance
B) Define criteria, identify context, determine range/scale, determine importance
C) Define criteria, identify context, determine importance, determine range/scale
D) Identify context, define criteria, determine importance, determine range/scale

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

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

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

Solutions: