SAVE International VMA Exam : Value Methodology Associate

SAVE International VMA exam
  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Aug 21, 2026
  • Q & A: 63 Questions and Answers
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SAVE International VMA Exam Syllabus Topics:
SectionObjectives
Topic 1: Value Methodology Fundamentals- VM Job Plan Basics
  • 1. Information Phase
    • 2. Creative Phase Concepts
      • 3. Function Analysis Phase
        • 4. Evaluation Phase
          - Core Value Methodology Concepts
          • 1. Value Types (Use, Exchange, Cost, Esteem)
            • 2. Life Cycle Costing Basics
              • 3. Function Analysis System Technique (FAST)
                Topic 2: Financial and Analytical Tools- Cost Analysis Methods
                • 1. Break-even Analysis
                  • 2. Return on Investment (ROI)
                    • 3. Net Present Value (NPV)
                      Topic 3: Value Engineering Principles- Team-Based Workshop Approach
                      • 1. Brainstorming Techniques
                        • 2. Multidisciplinary Team Collaboration
                          - Evaluation and Selection
                          • 1. Idea Screening
                            • 2. Cost-Function Analysis
                              SAVE International Value Methodology Associate Sample Questions:

                              1. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?

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


                              2. Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)

                              A) Establish an ambitious goal for the number of ideas
                              B) Emphasize cost savings
                              C) Encourage "Free-Wheeling" of ideas
                              D) Apply the "Principle of Deferred Judgment"
                              E) Emphasize quality rather than quantity


                              3. A Random Function Identification table contains:

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


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

                              A) Evaluation Phase
                              B) Creativity Phase
                              C) Presentation Phase
                              D) Function Analysis Phase


                              5. The unique aspect of the value methodology is its application to anything that:

                              A) is a subject of study.
                              B) includes an activity.
                              C) is goal-oriented.
                              D) performs a function.


                              Solutions:

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

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