Black Friday Special Limited Time 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: validbest

Pass the SAVE International Value Methodology VMA Questions and answers with ValidTests

Exam VMA All Questions
Exam VMA Premium Access

View all detail and faqs for the VMA exam

Viewing page 1 out of 2 pages
Viewing questions 1-10 out of questions
Questions # 1:

The VM is defined by SAVE International as a:

Options:

A.

Structured process

B.

Specialized process

C.

Systematic process

D.

Sequential process

Expert Solution
Questions # 2:

Which of the following best describes a VM study?

Options:

A.

It is a structured effort using the VM process to improve value

B.

Must be led by a Certified Value Specialist

C.

Is undertaken after the design is completed

D.

Is considered a business improvement best practice

Expert Solution
Questions # 3:

The unique aspect of the value methodology is its application to anything that:

Options:

A.

includes an activity.

B.

performs a function.

C.

is goal-oriented.

D.

is a subject of study.

Expert Solution
Questions # 4:

During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:

Options:

A.

Operating

B.

Planning

C.

Organizing

D.

Maintaining

Expert Solution
Questions # 5:

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

Options:

A.

Identify context, define criteria, determine importance, determine range/scale

B.

Identify context, define criteria, determine range/scale, determine importance

C.

Define criteria, identify context, determine range/scale, determine importance

D.

Define criteria, identify context, determine importance, determine range/scale

Expert Solution
Questions # 6:

Function E is the:

Question # 6

Options:

A.

Secondary Function

B.

Required Secondary Function

C.

Basic Function

D.

Higher Order Function

Expert Solution
Questions # 7:

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

Options:

A.

value improvement ideas and performance attributes.

B.

the subject's purpose and the objectives of the VM study.

C.

the Pareto chart, risk data, and quality expectations.

D.

the interests and influence of customers, users, and stakeholders.

Expert Solution
Questions # 8:

Which of the following best defines an activity?

Options:

A.

A task, action, or operation that describes why a function is performed

B.

A specific task, action, or operation that is generic and changes viewpoints

C.

A task, action, or operation that describes how a function is performed

D.

A specific task, action, or operation with a high level of abstraction

Expert Solution
Questions # 9:

What is the objective of the Creativity Phase?

Options:

A.

Develop improvement ideas

B.

Select improvement ideas

C.

Prioritize improvement ideas

D.

Generate improvement ideas

Expert Solution
Questions # 10:

What is a function of a teacup?

Options:

A.

Provide container

B.

Allow drinking

C.

Contain tea

D.

Contain liquid

Expert Solution
Viewing page 1 out of 2 pages
Viewing questions 1-10 out of questions