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SAVE International Value Methodology VMA

VMA

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Oct 05, 2026

Q&A Number: 63 Q&As

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SAVE International VMA Exam Syllabus Topics:

SectionWeightObjectives
VM Job Plan40%- Function Analysis Phase
  • 1. Function definition and classification
    • 2. FAST diagrams and function logic
      - Presentation Phase
      - Information Phase
      - Evaluation Phase
      - Development Phase
      - Creative Phase
      Application and Ethics15%- Professional ethics and standards of practice
      - Application in projects, products and processes
      Tools and Techniques25%- Decision-making and prioritization
      - Team dynamics and facilitation
      - Cost analysis and worth assessment
      Value Methodology Fundamentals20%- Definition, purpose and benefits of Value Methodology
      - Core principles and terminology
      - Historical background and standards

      SAVE International Value Methodology Associate Sample Questions:

      Question #1
      One of the main purposes of the Miles Value Foundation is to:

      A. Manage VM certification
      B. Improve VM programs
      C. Conduct VM training
      D. Promote VM education


      Question #2
      Which of the following functions is a Subject Objective?

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


      Question #3
      The Value Methodology is:

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


      Question #4
      What is the correct sequence of the last four phases of the Value Methodology Job Plan?

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


      Question #5
      An effective Information Phase kickoff meeting:

      A. Outlines goals for the study subject and VM study objectives.
      B. Indicates the VM solutions desired by decision makers.
      C. Describes how functions have normally been accomplished.
      D. Discusses the challenges of the proposed VM study approach.


      Solutions:

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

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