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SAVE International VMA Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Financial and Analytical Tools | - Cost Analysis Methods
- 1. Return on Investment (ROI)
- 2. Net Present Value (NPV)
- 3. Break-even Analysis
|
| Topic 2: Value Methodology Fundamentals | - VM Job Plan Basics
- 1. Evaluation Phase
- 2. Creative Phase Concepts
- 3. Information Phase
- 4. Function Analysis Phase
- Core Value Methodology Concepts
- 1. Value Types (Use, Exchange, Cost, Esteem)
- 2. Function Analysis System Technique (FAST)
- 3. Life Cycle Costing Basics
|
| Topic 3: Value Engineering Principles | - Team-Based Workshop Approach
- 1. Brainstorming Techniques
- 2. Multidisciplinary Team Collaboration
- Evaluation and Selection
- 1. Cost-Function Analysis
- 2. Idea Screening
|
SAVE International Value Methodology Associate Sample Questions:
Question 1
Ground rules that support creative brainstorming include:
A. Encouraging openness to ideas, freewheeling, and recording good ideas.
B. Focusing on prioritized functions, deferring judgment, and improving ideas.
C. Focusing on quality ideas, discussing their merits, and maintaining momentum.
D. Requesting idea clarification, discussing cost impacts, and considering performance.
Question 2
The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?
A. Divergent and abstract
B. Convergent and abstract
C. Critical and divergent
D. Convergent and divergent
Question 3
Which phase enables the VM team to select viable ideas?
A. Presentation
B. Development
C. Evaluation
D. Function Analysis
Question 4
Function E is the:
A. Basic Function
B. Higher Order Function
C. Required Secondary Function
D. Secondary Function
Question 5
Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?
A. Questionnaires
B. Focus panels
C. Interviews
D. Surveys
Solutions:
Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: C | Question 4 Answer: B | Question 5 Answer: B |