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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Tools and Techniques | 25% | - Team dynamics and facilitation - Cost analysis and worth assessment - Decision-making and prioritization |
| Topic 2: Value Methodology Fundamentals | 20% | - Historical background and standards - Core principles and terminology - Definition, purpose and benefits of Value Methodology |
| Topic 3: VM Job Plan | 40% | - Information Phase - Presentation Phase - Development Phase - Evaluation Phase - Creative Phase - Function Analysis Phase
|
| Topic 4: Application and Ethics | 15% | - Application in projects, products and processes - Professional ethics and standards of practice |
SAVE International Value Methodology Associate Sample Questions:
1. Function E is the:
A) Required Secondary Function
B) Secondary Function
C) Higher Order Function
D) Basic Function
2. Which of the following functions is a Subject Objective?
A) Function O
B) Function R
C) Function P
D) Function Q
3. 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) 53 years
C) 50 years
D) 56 years
4. What is the correct sequence of the last four phases of the Value Methodology Job Plan?
A) Evaluation, Development, Implementation, and Presentation
B) Development, Evaluation, Presentation, and Implementation
C) Development, Presentation, Evaluation, and Implementation
D) Evaluation, Development, Presentation, and Implementation
5. In which phase does one work to obtain a thorough understanding of the subject of the VM study?
A) Presentation Phase
B) Information Phase
C) Evaluation Phase
D) Creativity Phase
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |







