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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Value Methodology Fundamentals | 20-25% | - Basic concepts and terminology - Value vs. cost relationship - History and evolution of value methodology - Function analysis basics |
| Creative Techniques | 10-15% | - Lateral thinking - Idea generation methods - Synectics - Brainstorming |
| Function Analysis | 15-20% | - FAST diagrams - Function definition (Basic/Secondary) - Function cost and worth - Function classification (Use/Esteem) |
| Professional Practices | 5-10% | - Documentation requirements - Communication skills - Team dynamics - Ethical considerations |
| Evaluation and Selection | 10-15% | - Risk assessment - Cost-performance analysis - Selection criteria |
| Job Plan and Process | 25-30% | - Creative phase - Development phase - Information phase - Presentation phase - Evaluation phase - Function analysis phase - Implementation phase |
SAVE International Value Methodology Associate Sample Questions:
Question 1
In which costing technique is the time value of money essential?
A. Break-even point
B. Simple Payback
C. Life Cycle Cost
D. Return on Investment
Question 2
Which of the following best describes a VM study?
A. A workshop that applies the VM facilitated by a CVS
B. An analysis of a completed project design by a VM team
C. An improvement process similar to Lean Six Sigma
D. A structured effort by a multidisciplinary team using the VM
Question 3
An effective Information Phase kickoff meeting:
A. Indicates the VM solutions desired by decision makers.
B. Describes how functions have normally been accomplished.
C. Discusses the challenges of the proposed VM study approach.
D. Outlines goals for the study subject and VM study objectives.
Question 4
Which of the following are tasks during the development of VM proposals? (Choose 3 answers)
A. Validate the proposal
B. Assess time and schedule impacts
C. Determine costs
D. State the disposition of the proposal
E. Address technical feasibility
Question 5
The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?
A. Convergent and abstract
B. Critical and divergent
C. Convergent and divergent
D. Divergent and abstract
Solutions:
| Question 1 Answer: C | Question 2 Answer: D | Question 3 Answer: D | Question 4 Answer: B,C,E | Question 5 Answer: C |
Novia 
Eden 
Tiffany 
Humphrey 
Lyndon 
Ernest 
Corey 
Maxwell 
Dean 
Esther 
Rosemary 
Hulda 
Burke 
Florence 
