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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Evaluation and Selection | 10-15% | - Cost-performance analysis
- Risk assessment
- Selection criteria
|
| Topic 2: Value Methodology Fundamentals | 20-25% | - Value vs. cost relationship
- Function analysis basics
- Basic concepts and terminology
- History and evolution of value methodology
|
| Topic 3: Creative Techniques | 10-15% | - Synectics
- Lateral thinking
- Idea generation methods
- Brainstorming
|
| Topic 4: Job Plan and Process | 25-30% | - Creative phase
- Implementation phase
- Information phase
- Function analysis phase
- Development phase
- Evaluation phase
- Presentation phase
|
| Topic 5: Professional Practices | 5-10% | - Communication skills
- Team dynamics
- Documentation requirements
- Ethical considerations
|
| Topic 6: Function Analysis | 15-20% | - Function cost and worth
- Function definition (Basic/Secondary)
- Function classification (Use/Esteem)
- FAST diagrams
|
SAVE International Value Methodology Associate Sample Questions:
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
Correct Answer: B 🗳️
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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
Correct Answer: B 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
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
Correct Answer: D 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).
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
Correct Answer: D 🗳️
Explanation: Only visible for TorrentVCE members. You can sign-up / login (it's free).