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SAVE International VMA Exam Syllabus Topics:

SectionObjectives
Topic 1: 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 2: Financial and Analytical Tools- Cost Analysis Methods
          • 1. Return on Investment (ROI)
            • 2. Break-even Analysis
              • 3. Net Present Value (NPV)
                Topic 3: Value Methodology Fundamentals- VM Job Plan Basics
                • 1. Information Phase
                  • 2. Function Analysis Phase
                    • 3. Creative Phase Concepts
                      • 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

                              SAVE International Value Methodology Associate Sample Questions:

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

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

                              Correct Answer: A  🗳️

                              Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

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

                              • A. Validate the proposal
                              • B. Determine costs
                              • C. Assess time and schedule impacts
                              • D. Address technical feasibility
                              • E. State the disposition of the proposal
                              Reveal Solution  Discussion  0

                              Correct Answer: B,C,D  🗳️

                              Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                              Risks associated with a project, product, or process typically impact:

                              • A. Resources, regulations, or time
                              • B. Time, function, or attributes
                              • C. Schedule, cost, or performance
                              • D. Cost, requirements, or results
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

                              In which phases of the VM Job Plan does the VM study team use convergent thinking?

                              • A. Creativity, Evaluation, Development
                              • B. Evaluation, Development, Presentation
                              • C. Information, Function Analysis, Creativity
                              • D. Function Analysis, Creativity, Evaluation
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

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

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

                              Correct Answer: D  🗳️

                              Explanation: Only visible for ActualTestsIT members. You can sign-up / login (it's free).

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