SAVE International VMA Questions & Answers - in .pdf
- Total Q&A: 63
- Update: Aug 12, 2026
- Price: $59.99
- Vendor: SAVE International
- Exam Code: VMA
- Exam Name: Value Methodology Associate
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SAVE International VMA Exam Syllabus Topics:
| Section | Objectives |
|---|
| Topic 1: Value Methodology Fundamentals | - VM Job Plan Basics
- 1. Evaluation Phase
- 2. Information Phase
- 3. Creative Phase Concepts
- 4. Function Analysis Phase
- Core Value Methodology Concepts
- 1. Function Analysis System Technique (FAST)
- 2. Life Cycle Costing Basics
- 3. Value Types (Use, Exchange, Cost, Esteem)
|
| Topic 2: Value Engineering Principles | - Evaluation and Selection
- 1. Cost-Function Analysis
- 2. Idea Screening
- Team-Based Workshop Approach
- 1. Brainstorming Techniques
- 2. Multidisciplinary Team Collaboration
|
| Topic 3: Financial and Analytical Tools | - Cost Analysis Methods
- 1. Net Present Value (NPV)
- 2. Break-even Analysis
- 3. Return on Investment (ROI)
|
SAVE International Value Methodology Associate Sample Questions:
1. What function must a pen or pencil perform?
A) Mark surface
B) Write documents
C) Convey message
D) Color surface
2. Which are the three main characteristics of the Value Methodology?
A) Systematic process, function analysis, CVS
B) Function Analysis, brainstorming, teamwork
C) Multidisciplinary team, cost reduction, function improvement
D) Systematic process, multidisciplinary team, qualified VM facilitator
3. Which of the following best describes a VM study?
A) A structured effort by a multidisciplinary team using the VM
B) An analysis of a completed project design by a VM team
C) An improvement process similar to Lean Six Sigma
D) A workshop that applies the VM facilitated by a CVS
4. During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:
A) Organizing
B) Maintaining
C) Planning
D) Operating
5. What is the correct sequence of the last four phases of the Value Methodology Job Plan?
A) Development, Presentation, Evaluation, and Implementation
B) Development, Evaluation, Presentation, and Implementation
C) Evaluation, Development, Presentation, and Implementation
D) Evaluation, Development, Implementation, and Presentation
Solutions:
Question # 1
Answer: A | Question # 2
Answer: D | Question # 3
Answer: A | Question # 4
Answer: C | Question # 5
Answer: C |
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