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SAVE International VMA Exam : Value Methodology Associate

VMA actual test
  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Aug 09, 2026
  • Q & A: 63 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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SAVE International VMA Exam Syllabus Topics:

SectionObjectives
Financial and Analytical Tools- Cost Analysis Methods
  • 1. Break-even Analysis
    • 2. Return on Investment (ROI)
      • 3. Net Present Value (NPV)
        Value Engineering Principles- Team-Based Workshop Approach
        • 1. Brainstorming Techniques
          • 2. Multidisciplinary Team Collaboration
            - Evaluation and Selection
            • 1. Cost-Function Analysis
              • 2. Idea Screening
                Value Methodology Fundamentals- VM Job Plan Basics
                • 1. Evaluation Phase
                  • 2. Function Analysis Phase
                    • 3. Creative Phase Concepts
                      • 4. Information Phase
                        - Core Value Methodology Concepts
                        • 1. Value Types (Use, Exchange, Cost, Esteem)
                          • 2. Function Analysis System Technique (FAST)
                            • 3. Life Cycle Costing Basics

                              SAVE International Value Methodology Associate Sample Questions:

                              1. The Value Methodology is:

                              A) A suggestion program to improve value.
                              B) An eight-phase process to improve value.
                              C) A step-by-step design review to improve value.
                              D) A cost reduction exercise to improve value.


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

                              A) Presentation Phase
                              B) Information Phase
                              C) Creativity Phase
                              D) Evaluation Phase


                              3. Which function is located to the left of the left vertical line in a FAST diagram?

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


                              4. Which of the following best defines an activity?

                              A) A task, action, or operation that describes how a function is performed
                              B) A specific task, action, or operation that is generic and changes viewpoints
                              C) A specific task, action, or operation with a high level of abstraction
                              D) A task, action, or operation that describes why a function is performed


                              5. Which of the following is a basic function of a bicycle?

                              A) Provide Transportation
                              B) Transport Goods
                              C) Transport Mass
                              D) Move People


                              Solutions:

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

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