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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Creative Techniques | 10-15% | - Lateral thinking - Synectics - Idea generation methods - Brainstorming |
| Function Analysis | 15-20% | - Function cost and worth - FAST diagrams - Function definition (Basic/Secondary) - Function classification (Use/Esteem) |
| Job Plan and Process | 25-30% | - Development phase - Information phase - Function analysis phase - Implementation phase - Evaluation phase - Presentation phase - Creative phase |
| Professional Practices | 5-10% | - Documentation requirements - Communication skills - Team dynamics - Ethical considerations |
| Evaluation and Selection | 10-15% | - Selection criteria - Risk assessment - Cost-performance analysis |
| Value Methodology Fundamentals | 20-25% | - Basic concepts and terminology - Function analysis basics - History and evolution of value methodology - Value vs. cost relationship |
SAVE International Value Methodology Associate Sample Questions:
1. Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?
A) Exploit
B) Mitigate
C) Share
D) Enhance
2. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?
A) Present Worth (or Net Present Value)
B) Return on Investment (ROI)
C) Simple Payback (or Breakeven Point)
D) Discount Rate
3. In which phases of the VM Job Plan does the VM study team use convergent thinking?
A) Evaluation, Development, Presentation
B) Information, Function Analysis, Creativity
C) Creativity, Evaluation, Development
D) Function Analysis, Creativity, Evaluation
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) Indicates the VM solutions desired by decision makers.
D) Describes how functions have normally been accomplished.
5. 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
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: C |
