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SAVE International VMA Exam Syllabus Topics:

Section

Objectives

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:

Question #1

Function E is the: