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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Function Analysis | 15-20% | - Function classification (Use/Esteem) - FAST diagrams - Function definition (Basic/Secondary) - Function cost and worth |
| Professional Practices | 5-10% | - Documentation requirements - Communication skills - Team dynamics - Ethical considerations |
| Job Plan and Process | 25-30% | - Development phase - Information phase - Evaluation phase - Implementation phase - Creative phase - Presentation phase - Function analysis phase |
| Evaluation and Selection | 10-15% | - Risk assessment - Selection criteria - Cost-performance analysis |
| Creative Techniques | 10-15% | - Brainstorming - Lateral thinking - Synectics - Idea generation methods |
| Value Methodology Fundamentals | 20-25% | - Basic concepts and terminology - Function analysis basics - Value vs. cost relationship - History and evolution of value methodology |
SAVE International Value Methodology Associate Sample Questions:
1. 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) Return on Investment (ROI)
C) Simple Payback (or Breakeven Point)
D) Discount Rate
2. The best study results will usually come from applying the value methodology with:
A) An executive-level task force
B) A team working in similar disciplines
C) The current project team
D) A multidisciplinary team with a selected set of skills
3. Which of the following functions is a Subject Objective?
A) Function P
B) Function R
C) Function Q
D) Function O
4. The VM is defined by SAVE International as a:
A) Specialized process
B) Systematic process
C) Sequential process
D) Structured process
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: A | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
