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SAVE International VMA Exam Syllabus Topics:

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

                              SAVE International Value Methodology Associate Sample Questions:

                              Question 1

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

                              A. C
                              B. B
                              C. A
                              D. D


                              Question 2

                              Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

                              A. Validate the proposal
                              B. Address technical feasibility
                              C. State the disposition of the proposal
                              D. Assess time and schedule impacts
                              E. Determine costs


                              Question 3

                              Within the scope of a residential door (including the door frame, hinges, lock set, and door handle), which of the following does not contain activities?

                              A. Restrict access, improve safety, transmit force
                              B. Rotate door, support load, grasp handle
                              C. Install screws, separate spaces, secure space
                              D. Connect spaces, construct frame, attract user


                              Question 4

                              An unwanted function of a hammer would be:

                              A. Swing arm
                              B. Transmit vibration
                              C. Deliver force
                              D. Apply force


                              Question 5

                              Which is the correct order of steps in establishing evaluation criteria?

                              A. Identify context, define criteria, determine importance, determine range/scale
                              B. Define criteria, identify context, determine range/scale, determine importance
                              C. Identify context, define criteria, determine range/scale, determine importance
                              D. Define criteria, identify context, determine importance, determine range/scale


                              Solutions:

                              Question 1
                              Answer: C
                              Question 2
                              Answer: B,D,E
                              Question 3
                              Answer: A
                              Question 4
                              Answer: B
                              Question 5
                              Answer: A

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