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SAVE International Value Methodology Associate Sample Questions:

1. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

A) Focus panels
B) Interviews
C) Questionnaires
D) Surveys

2. 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

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

4. Which is the correct order of steps involved in risk management?

A) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
B) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
D) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control

5. In SWOT analysis:

A) Opportunities and threats are external attributes.
B) Strengths and opportunities are internal attributes.
C) Strengths and weaknesses are helpful attributes.
D) Threats and strengths are harmful attributes.

Solutions: