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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Job Plan and Process | 25-30% | - Development phase - Evaluation phase - Creative phase - Implementation phase - Function analysis phase - Presentation phase - Information phase |
| Value Methodology Fundamentals | 20-25% | - Function analysis basics - Value vs. cost relationship - History and evolution of value methodology - Basic concepts and terminology |
| Creative Techniques | 10-15% | - Lateral thinking - Synectics - Idea generation methods - Brainstorming |
| Professional Practices | 5-10% | - Documentation requirements - Team dynamics - Communication skills - Ethical considerations |
| Evaluation and Selection | 10-15% | - Cost-performance analysis - Risk assessment - Selection criteria |
| Function Analysis | 15-20% | - Function definition (Basic/Secondary) - Function cost and worth - FAST diagrams - Function classification (Use/Esteem) |
SAVE International Value Methodology Associate Sample Questions:
1. Which phase enables the VM team to select viable ideas?
A) Evaluation
B) Function Analysis
C) Presentation
D) Development
2. What is the correct sequence of the last four phases of the Value Methodology Job Plan?
A) Development, Presentation, Evaluation, and Implementation
B) Development, Evaluation, Presentation, and Implementation
C) Evaluation, Development, Presentation, and Implementation
D) Evaluation, Development, Implementation, and Presentation
3. The VM is defined by SAVE International as a:
A) Sequential process
B) Structured process
C) Specialized process
D) Systematic process
4. What is the correct sequence of the last four phases of the Value Methodology Job Plan?
A) Development, Presentation, Evaluation, and Implementation
B) Development, Evaluation, Presentation, and Implementation
C) Evaluation, Development, Presentation, and Implementation
D) Evaluation, Development, Implementation, and Presentation
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) 56 years
C) 53 years
D) 50 years
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |
