SAVE International VMA : Value Methodology Associate

  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Oct 04, 2026

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

SAVE International Value Methodology Associate Sample Questions:

Question #1

The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

  • A. Hypothesis, Observation, Experimentation, Conclusion
  • B. Observation, Hypothesis, Experimentation, Conclusion
  • C. Hypothesis, Experimentation, Observation, Conclusion
  • D. Observation, Experimentation, Hypothesis, Conclusion
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

"When" is represented by which of the following letters?

  • A. C
  • B. B
  • C. A
  • D. D
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

Which function is located to the left of the left vertical line in a FAST diagram?

  • A. Lower Order Function
  • B. Higher Order Function
  • C. Secondary Function
  • D. Basic Function
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).

Question #4

The Value Methodology is:

  • A. A cost reduction exercise to improve value.
  • B. An eight-phase process to improve value.
  • C. A suggestion program to improve value.
  • D. A step-by-step design review to improve value.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

In which costing technique is the time value of money essential?

  • A. Break-even point
  • B. Simple Payback
  • C. Return on Investment
  • D. Life Cycle Cost
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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