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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| VM Job Plan | 40% | - Information Phase - Creative Phase - Function Analysis Phase
- Evaluation Phase - Development Phase |
| Tools and Techniques | 25% | - Cost analysis and worth assessment - Team dynamics and facilitation - Decision-making and prioritization |
| Value Methodology Fundamentals | 20% | - Definition, purpose and benefits of Value Methodology - Core principles and terminology - Historical background and standards |
| Application and Ethics | 15% | - Professional ethics and standards of practice - Application in projects, products and processes |
SAVE International Value Methodology Associate Sample Questions:
1. The Pareto Principle as applied in the Value Methodology means:
A) 20% of risks impact 80% of elements
B) 80% of functions represent 20% of components
C) 20% of elements represent 80% of the cost
D) 80% of the whole includes 20% of the resources
2. How many phases are in the VM Job Plan?
A) 8
B) 6
C) 7
D) 3
3. What is the objective of the Creativity Phase?
A) Prioritize improvement ideas
B) Select improvement ideas
C) Develop improvement ideas
D) Generate improvement ideas
4. An effective Information Phase kickoff meeting:
A) Discusses the challenges of the proposed VM study approach.
B) Outlines goals for the study subject and VM study objectives.
C) Describes how functions have normally been accomplished.
D) Indicates the VM solutions desired by decision makers.
5. Which function represents the specific goals or needs for which the subject scope exists?
A) Basic
B) Lower Order
C) Higher Order
D) Secondary
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: C |
