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SAVE International VMA

VMA

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Sep 08, 2026

Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

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

                              SAVE International Value Methodology Associate Sample Questions:

                              Question 1

                              Function E is the:

                              A. Secondary Function
                              B. Required Secondary Function
                              C. Basic Function
                              D. Higher Order Function


                              Question 2

                              In SWOT analysis:

                              A. Strengths and weaknesses are helpful attributes.
                              B. Opportunities and threats are external attributes.
                              C. Strengths and opportunities are internal attributes.
                              D. Threats and strengths are harmful attributes.


                              Question 3

                              Which of the following is most relevant to the Evaluation Phase?

                              A. Weighting
                              B. Cost Model
                              C. Return on Investment
                              D. Constraints


                              Question 4

                              Ground rules that support creative brainstorming include:

                              A. Requesting idea clarification, discussing cost impacts, and considering performance.
                              B. Encouraging openness to ideas, freewheeling, and recording good ideas.
                              C. Focusing on prioritized functions, deferring judgment, and improving ideas.
                              D. Focusing on quality ideas, discussing their merits, and maintaining momentum.


                              Question 5

                              Which of the following best defines an activity?

                              A. A task, action, or operation that describes how a function is performed
                              B. A specific task, action, or operation with a high level of abstraction
                              C. A specific task, action, or operation that is generic and changes viewpoints
                              D. A task, action, or operation that describes why a function is performed


                              Solutions:

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

                              VMA Related Exams
                              CVS - Certified Value Specialist
                              Related Certifications
                              Value Methodology
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