SAVE International VMA exam : Value Methodology Associate

VMA Exam Simulator
  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Aug 08, 2026
  • Q & A: 63 Questions and Answers

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SAVE International VMA exam simulator

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SAVE International VMA Exam Syllabus Topics:

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

                              SAVE International Value Methodology Associate Sample Questions:

                              1. Which phase enables the VM team to select viable ideas?

                              A) Evaluation
                              B) Function Analysis
                              C) Development
                              D) Presentation


                              2. Which function represents the specific goals or needs for which the subject scope exists?

                              A) Lower Order
                              B) Secondary
                              C) Basic
                              D) Higher Order


                              3. Which of the following best describes a VM study?

                              A) An analysis of a completed project design by a VM team
                              B) An improvement process similar to Lean Six Sigma
                              C) A structured effort by a multidisciplinary team using the VM
                              D) A workshop that applies the VM facilitated by a CVS


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


                              5. Which are the three main characteristics of the Value Methodology?

                              A) Systematic process, function analysis, CVS
                              B) Systematic process, multidisciplinary team, qualified VM facilitator
                              C) Function Analysis, brainstorming, teamwork
                              D) Multidisciplinary team, cost reduction, function improvement


                              Solutions:

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

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