Value Methodology Associate: VMA Exam
"Value Methodology Associate", also known as VMA exam, is a SAVE International Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 63 Q&As to your VMA Exam preparation. In the VMA exam resources, you will cover every field and category in Value Methodology Certification helping to ready you for your successful SAVE International Certification.
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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Value Methodology Fundamentals | 20% | - Core principles and terminology - Historical background and standards - Definition, purpose and benefits of Value Methodology |
| VM Job Plan | 40% | - Evaluation Phase - Presentation Phase - Creative Phase - Information Phase - Development Phase - Function Analysis Phase
|
| Tools and Techniques | 25% | - Cost analysis and worth assessment - Decision-making and prioritization - Team dynamics and facilitation |
| Application and Ethics | 15% | - Application in projects, products and processes - Professional ethics and standards of practice |
SAVE International Value Methodology Associate Sample Questions:
Which type of value is the sum of labor, material, and other resources required to produce the subject?
- A. Cost Value
- B. Exchange Value
- C. Use Value
- D. Esteem Value
Correct Answer: A 🗳️
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How many phases are in the VM Job Plan?
- A. 6
- B. 7
- C. 3
- D. 8
Correct Answer: A 🗳️
Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).
Which phase enables the VM team to select viable ideas?
- A. Development
- B. Evaluation
- C. Presentation
- D. Function Analysis
Correct Answer: B 🗳️
Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).
"When" is represented by which of the following letters?
- A. C
- B. B
- C. A
- D. D
Correct Answer: C 🗳️
Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).
The VM is defined by SAVE International as a:
- A. Specialized process
- B. Structured process
- C. Sequential process
- D. Systematic process
Correct Answer: D 🗳️
Explanation: Only visible for PrepAwayPDF members. You can sign-up / login (it's free).
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