SAVE International Value Methodology Associate : VMA

VMA real exams

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Oct 16, 2026

Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

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

SAVE International Value Methodology Associate Sample Questions:

Question #1

Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?

  • A. Interviews
  • B. Surveys
  • C. Focus panels
  • D. Questionnaires
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

The best study results will usually come from applying the value methodology with:

  • A. A multidisciplinary team with a selected set of skills
  • B. A team working in similar disciplines
  • C. The current project team
  • D. An executive-level task force
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

  • A. Return on Investment (ROI)
  • B. Discount Rate
  • C. Present Worth (or Net Present Value)
  • D. Simple Payback (or Breakeven Point)
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

In which phase does one work to obtain a thorough understanding of the subject of the VM study?

  • A. Information Phase
  • B. Creativity Phase
  • C. Evaluation Phase
  • D. Presentation Phase
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Which of the following functions is a Subject Objective?

  • A. Function P
  • B. Function R
  • C. Function O
  • D. Function Q
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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