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SAVE International VMA : Value Methodology Associate

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Jul 19, 2026

Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

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

                              SAVE International Value Methodology Associate Sample Questions:

                              1. Function E is the:

                              A) Secondary Function
                              B) Higher Order Function
                              C) Required Secondary Function
                              D) Basic Function


                              2. An unwanted function of a hammer would be:

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


                              3. What function must a pen or pencil perform?

                              A) Write documents
                              B) Mark surface
                              C) Convey message
                              D) Color surface


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

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


                              5. What is the objective of the Creativity Phase?

                              A) Generate improvement ideas
                              B) Prioritize improvement ideas
                              C) Select improvement ideas
                              D) Develop improvement ideas


                              Solutions:

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

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