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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| VM Job Plan | 40% | - Evaluation Phase - Function Analysis Phase
- Information Phase - Presentation Phase - Creative Phase |
| Application and Ethics | 15% | - Application in projects, products and processes - Professional ethics and standards of practice |
| Value Methodology Fundamentals | 20% | - Historical background and standards - Core principles and terminology - Definition, purpose and benefits of Value Methodology |
| Tools and Techniques | 25% | - Cost analysis and worth assessment - Decision-making and prioritization - Team dynamics and facilitation |
SAVE International Value Methodology Associate Sample Questions:
1. The primary objective of the Information phase is to:
A) Transform information
B) Understand the subject
C) Create a cost model
D) Obtain the voice of the customer
2. In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?
A) Evaluation Phase
B) Function Analysis Phase
C) Presentation Phase
D) Creativity Phase
3. Which of the following functions is a Subject Objective?
A) Function P
B) Function R
C) Function Q
D) Function O
4. One of the main purposes of the Miles Value Foundation is to:
A) Improve VM programs
B) Manage VM certification
C) Promote VM education
D) Conduct VM training
5. Which is the correct order of steps involved in risk management?
A) Risk Management Planning, Risk Analysis, Risk Identification, Risk Response Planning, Risk Monitoring and Control
B) Risk Management Planning, Risk Identification, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
C) Risk Management Planning, Risk Identification, Risk Response Planning, Risk Analysis, Risk Monitoring and Control
D) Risk Identification, Risk Management Planning, Risk Analysis, Risk Response Planning, Risk Monitoring and Control
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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