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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. Multidisciplinary Team Collaboration
          • 2. Brainstorming Techniques
            - Evaluation and Selection
            • 1. Idea Screening
              • 2. Cost-Function Analysis
                Topic 3: Value Methodology Fundamentals- VM Job Plan Basics
                • 1. Function Analysis Phase
                  • 2. Evaluation Phase
                    • 3. Creative Phase Concepts
                      • 4. Information Phase
                        - Core Value Methodology Concepts
                        • 1. Value Types (Use, Exchange, Cost, Esteem)
                          • 2. Life Cycle Costing Basics
                            • 3. Function Analysis System Technique (FAST)

                              SAVE International Value Methodology Associate Sample Questions:

                              1. Which of the following best defines an activity?

                              A) A task, action, or operation that describes why a function is performed
                              B) A task, action, or operation that describes how a function is performed
                              C) A specific task, action, or operation that is generic and changes viewpoints
                              D) A specific task, action, or operation with a high level of abstraction


                              2. What function must a pen or pencil perform?

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


                              3. The Development Phase involves which of the following steps?

                              A) Assign ideas to VM study team members
                              B) Prioritize ideas
                              C) Determine verb-noun combinations for ideas
                              D) Model the cost of ideas


                              4. Which of the following functions is a Subject Objective?

                              A) Function Q
                              B) Function O
                              C) Function P
                              D) Function R


                              5. Which of the following letters represents the scope lines?

                              A) B
                              B) A
                              C) C
                              D) D


                              Solutions:

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

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