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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Tools and Techniques | 25% | - Cost analysis and worth assessment - Team dynamics and facilitation - Decision-making and prioritization |
| Application and Ethics | 15% | - Application in projects, products and processes - Professional ethics and standards of practice |
| VM Job Plan | 40% | - Presentation Phase - Information Phase - Function Analysis Phase
- Evaluation Phase - Creative Phase |
| Value Methodology Fundamentals | 20% | - Core principles and terminology - Historical background and standards - Definition, purpose and benefits of Value Methodology |
SAVE International Value Methodology Associate Sample Questions:
The primary objective of the Information phase is to:
- A. Obtain the voice of the customer
- B. Transform information
- C. Create a cost model
- D. Understand the subject
Correct Answer: D 🗳️
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Which of the following are ground rules of the Creativity Phase? (Choose 3 answers)
- A. Encourage "Free-Wheeling" of ideas
- B. Emphasize quality rather than quantity
- C. Establish an ambitious goal for the number of ideas
- D. Emphasize cost savings
- E. Apply the "Principle of Deferred Judgment"
Correct Answer: A,C,E 🗳️
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Which of the following is most relevant to the Evaluation Phase?
- A. Cost Model
- B. Constraints
- C. Weighting
- D. Return on Investment
Correct Answer: C 🗳️
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"When" is represented by which of the following letters?
- A. D
- B. B
- C. C
- D. A
Correct Answer: D 🗳️
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The Pareto Principle as applied in the Value Methodology means:
- A. 80% of functions represent 20% of components
- B. 20% of elements represent 80% of the cost
- C. 80% of the whole includes 20% of the resources
- D. 20% of risks impact 80% of elements
Correct Answer: B 🗳️
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