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SAVE International Value Methodology Associate : VMA

VMA

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Aug 16, 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. Evaluation Phase
        • 4. Function Analysis Phase
          - Core Value Methodology Concepts
          • 1. Life Cycle Costing Basics
            • 2. Value Types (Use, Exchange, Cost, Esteem)
              • 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- Evaluation and Selection
                      • 1. Idea Screening
                        • 2. Cost-Function Analysis
                          - Team-Based Workshop Approach
                          • 1. Multidisciplinary Team Collaboration
                            • 2. Brainstorming Techniques

                              SAVE International Value Methodology Associate Sample Questions:

                              1. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

                              A) Evaluation, Development, Presentation, and Implementation
                              B) Evaluation, Development, Implementation, and Presentation
                              C) Development, Evaluation, Presentation, and Implementation
                              D) Development, Presentation, Evaluation, and Implementation


                              2. Which function represents the specific goals or needs for which the subject scope exists?

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


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

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


                              4. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

                              A) Assess time and schedule impacts
                              B) Validate the proposal
                              C) State the disposition of the proposal
                              D) Determine costs
                              E) Address technical feasibility


                              5. Functions on a FAST diagram's function logic path follow:

                              A) When-Why logic
                              B) How-Why logic
                              C) And-Or logic
                              D) How-When logic


                              Solutions:

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

                              VMA Related Exams
                              CVS - Certified Value Specialist
                              Related Certifications
                              Value Methodology
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