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SAVE International VMA : Value Methodology Associate

VMA real exams

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Aug 07, 2026

Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

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

                              SAVE International Value Methodology Associate Sample Questions:

                              1. The Development Phase involves which of the following steps?

                              A) Model the cost of ideas
                              B) Prioritize ideas
                              C) Assign ideas to VM study team members
                              D) Determine verb-noun combinations for ideas


                              2. Which of the following functions is a Subject Objective?

                              A) Function O
                              B) Function R
                              C) Function Q
                              D) Function P


                              3. During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:

                              A) Organizing
                              B) Planning
                              C) Operating
                              D) Maintaining


                              4. A Random Function Identification table contains:

                              A) Costs, time, and risks
                              B) Inputs, objectives, and sequence
                              C) Elements, functions, and classifications
                              D) Components, resources, and criteria


                              5. The Value Methodology is:

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


                              Solutions:

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

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