SAVE International VMA Q&A - in .pdf

  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Aug 02, 2026
  • Q & A: 63 Questions and Answers
  • Printable SAVE International VMA PDF Format. It is an electronic file format regardless of the operating system platform.
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SAVE International VMA Q&A - Testing Engine

  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Aug 02, 2026
  • Q & A: 63 Questions and Answers
  • Install on multiple computers for self-paced, at-your-convenience training.
  • PC Test Engine Price: $59.99
  • Testing Engine

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SAVE International VMA Exam Syllabus Topics:

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

SAVE International Value Methodology Associate Sample Questions:

1. The VM is defined by SAVE International as a:

A) Structured process
B) Specialized process
C) Systematic process
D) Sequential process


2. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

A) Coarse
B) Medium
C) Fine
D) Reasonable


3. Which of the following is most relevant to the Evaluation Phase?

A) Return on Investment
B) Constraints
C) Cost Model
D) Weighting


4. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

A) Discount Rate
B) Present Worth (or Net Present Value)
C) Simple Payback (or Breakeven Point)
D) Return on Investment (ROI)


5. Function E is the:

A) Secondary Function
B) Higher Order Function
C) Basic Function
D) Required Secondary Function


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: B

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