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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: VM Job Plan | 40% | - Development Phase - Creative Phase - Presentation Phase - Evaluation Phase - Information Phase - Function Analysis Phase
|
| Topic 2: Application and Ethics | 15% | - Professional ethics and standards of practice - Application in projects, products and processes |
| Topic 3: Value Methodology Fundamentals | 20% | - Core principles and terminology - Definition, purpose and benefits of Value Methodology - Historical background and standards |
| Topic 4: Tools and Techniques | 25% | - Team dynamics and facilitation - Decision-making and prioritization - Cost analysis and worth assessment |
SAVE International Value Methodology Associate Sample Questions:
1. Which function is located to the left of the left vertical line in a FAST diagram?
A) Secondary Function
B) Higher Order Function
C) Basic Function
D) Lower Order Function
2. An unwanted function of a hammer would be:
A) Apply force
B) Transmit vibration
C) Deliver force
D) Swing arm
3. The Value Methodology is:
A) An eight-phase process to improve value.
B) A cost reduction exercise to improve value.
C) A step-by-step design review to improve value.
D) A suggestion program to improve value.
4. Risks associated with a project, product, or process typically impact:
A) Resources, regulations, or time
B) Schedule, cost, or performance
C) Time, function, or attributes
D) Cost, requirements, or results
5. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?
A) Present Worth (or Net Present Value)
B) Simple Payback (or Breakeven Point)
C) Discount Rate
D) Return on Investment (ROI)
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A |
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