SAVE International Value Methodology Associate : VMA exam

VMA
  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Sep 16, 2026
  • Q & A: 63 Questions and Answers

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About SAVE International Value Methodology Associate : VMA Exam Questions

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Free Download Latest VMA Exam Tests

SAVE International VMA Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Professional Practices5-10%- Communication skills
- Documentation requirements
- Ethical considerations
- Team dynamics
Topic 2: Job Plan and Process25-30%- Creative phase
- Information phase
- Presentation phase
- Function analysis phase
- Development phase
- Implementation phase
- Evaluation phase
Topic 3: Function Analysis15-20%- Function definition (Basic/Secondary)
- Function classification (Use/Esteem)
- Function cost and worth
- FAST diagrams
Topic 4: Value Methodology Fundamentals20-25%- Value vs. cost relationship
- Function analysis basics
- Basic concepts and terminology
- History and evolution of value methodology
Topic 5: Creative Techniques10-15%- Synectics
- Lateral thinking
- Idea generation methods
- Brainstorming
Topic 6: Evaluation and Selection10-15%- Selection criteria
- Risk assessment
- Cost-performance analysis

SAVE International Value Methodology Associate Sample Questions:

Question #1

What is the correct sequence of the last four phases of the Value Methodology Job Plan?

  • A. Evaluation, Development, Implementation, and Presentation
  • B. Evaluation, Development, Presentation, and Implementation
  • C. Development, Presentation, Evaluation, and Implementation
  • D. Development, Evaluation, Presentation, and Implementation
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

In which costing technique is the time value of money essential?

  • A. Life Cycle Cost
  • B. Break-even point
  • C. Return on Investment
  • D. Simple Payback
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

In which phase does one work to obtain a thorough understanding of the subject of the VM study?

  • A. Creativity Phase
  • B. Information Phase
  • C. Evaluation Phase
  • D. Presentation Phase
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

The primary objective of the Information phase is to:

  • A. Obtain the voice of the customer
  • B. Create a cost model
  • C. Transform information
  • D. Understand the subject
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

  • A. Creativity Phase
  • B. Evaluation Phase
  • C. Function Analysis Phase
  • D. Presentation Phase
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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