SAVE International VMA : Value Methodology Associate

  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Oct 28, 2026
  • Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Evaluation and Selection10-15%- Cost-performance analysis
- Risk assessment
- Selection criteria
Topic 2: Creative Techniques10-15%- Lateral thinking
- Idea generation methods
- Brainstorming
- Synectics
Topic 3: Job Plan and Process25-30%- Evaluation phase
- Function analysis phase
- Development phase
- Presentation phase
- Creative phase
- Implementation phase
- Information phase
Topic 4: Function Analysis15-20%- Function definition (Basic/Secondary)
- Function classification (Use/Esteem)
- Function cost and worth
- FAST diagrams
Topic 5: Value Methodology Fundamentals20-25%- Value vs. cost relationship
- Function analysis basics
- History and evolution of value methodology
- Basic concepts and terminology
Topic 6: Professional Practices5-10%- Documentation requirements
- Communication skills
- Ethical considerations
- Team dynamics

SAVE International Value Methodology Associate Sample Questions:

Question #1

The Development Phase involves which of the following steps?

  • A. Model the cost of ideas
  • B. Determine verb-noun combinations for ideas
  • C. Assign ideas to VM study team members
  • D. Prioritize ideas
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Which type of value is the sum of labor, material, and other resources required to produce the subject?

  • A. Cost Value
  • B. Exchange Value
  • C. Use Value
  • D. Esteem Value
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

Which of the following is a basic function of a bicycle?

  • A. Transport Goods
  • B. Transport Mass
  • C. Move People
  • D. Provide Transportation
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

When transforming the VM study subject's cost information, the potential for achieving major savings is:

  • A. Increased when the VM proposals improve performance
  • B. Improved when costs are aligned with scope increases
  • C. Greatest during the early phases of the project lifecycle
  • D. Enhanced when outputs are included in calculations
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

If an organization invests $160,000 in a new software system that improves analysis and reduces annual costs by $3,000 per year, the payback period would be approximately:

  • A. 45 years
  • B. 50 years
  • C. 53 years
  • D. 56 years
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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