SAVE International Value Methodology Associate : VMA

VMA real exams

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Aug 26, 2026

Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

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

                              SAVE International Value Methodology Associate Sample Questions:

                              Question 1

                              What is the objective of the Creativity Phase?

                              A. Select improvement ideas
                              B. Prioritize improvement ideas
                              C. Generate improvement ideas
                              D. Develop improvement ideas


                              Question 2

                              How many phases are in the VM Job Plan?

                              A. 3
                              B. 8
                              C. 7
                              D. 6


                              Question 3

                              Which of the following functions is a Subject Objective?

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


                              Question 4

                              The Development Phase involves which of the following steps?

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


                              Question 5

                              The best study results will usually come from applying the value methodology with:

                              A. The current project team
                              B. A multidisciplinary team with a selected set of skills
                              C. A team working in similar disciplines
                              D. An executive-level task force


                              Solutions:

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

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