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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)

A) Emphasize cost savings
B) Apply the "Principle of Deferred Judgment"
C) Encourage "Free-Wheeling" of ideas
D) Emphasize quality rather than quantity
E) Establish an ambitious goal for the number of ideas

2. What is the objective of the Creativity Phase?

A) Generate improvement ideas
B) Select improvement ideas
C) Develop improvement ideas
D) Prioritize improvement ideas

3. Ground rules that support creative brainstorming include:

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

4. 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) Share
B) Exploit
C) Mitigate
D) Enhance

5. The Development Phase involves which of the following steps?

A) Assign ideas to VM study team members
B) Model the cost of ideas
C) Determine verb-noun combinations for ideas
D) Prioritize ideas

Solutions: