SAVE International VMA Questions & Answers - in .pdf
- Total Q&A: 63
- Update: Aug 12, 2026
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- Vendor: SAVE International
- Exam Code: VMA
- Exam Name: Value Methodology Associate
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- Total Q&A: 63
- Update: Aug 12, 2026
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SAVE International VMA Exam Syllabus Topics:
| Section | Objectives |
|---|
| Financial and Analytical Tools | - Cost Analysis Methods
- 1. Return on Investment (ROI)
- 2. Net Present Value (NPV)
- 3. Break-even Analysis
|
| Value Engineering Principles | - Team-Based Workshop Approach
- 1. Multidisciplinary Team Collaboration
- 2. Brainstorming Techniques
- Evaluation and Selection
- 1. Cost-Function Analysis
- 2. Idea Screening
|
| Value Methodology Fundamentals | - VM Job Plan Basics
- 1. Evaluation Phase
- 2. Creative Phase Concepts
- 3. Information Phase
- 4. Function Analysis Phase
- Core Value Methodology Concepts
- 1. Value Types (Use, Exchange, Cost, Esteem)
- 2. Life Cycle Costing Basics
- 3. Function Analysis System Technique (FAST)
|
SAVE International Value Methodology Associate Sample Questions:
1. The unique aspect of the value methodology is its application to anything that:
A) is a subject of study.
B) includes an activity.
C) performs a function.
D) is goal-oriented.
2. "When" is represented by which of the following letters?
A) A
B) B
C) D
D) C
3. Which type of value is the sum of labor, material, and other resources required to produce the subject?
A) Cost Value
B) Use Value
C) Exchange Value
D) Esteem Value
4. Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)
A) Emphasize quality rather than quantity
B) Apply the "Principle of Deferred Judgment"
C) Encourage "Free-Wheeling" of ideas
D) Emphasize cost savings
E) Establish an ambitious goal for the number of ideas
5. Which of the following best defines an activity?
A) A specific task, action, or operation that is generic and changes viewpoints
B) A task, action, or operation that describes why a function is performed
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
Solutions:
Question # 1
Answer: C | Question # 2
Answer: A | Question # 3
Answer: A | Question # 4
Answer: B,C,E | Question # 5
Answer: C |
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