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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Value Methodology Fundamentals | 20-25% | - Basic concepts and terminology - Function analysis basics - Value vs. cost relationship - History and evolution of value methodology |
| Evaluation and Selection | 10-15% | - Cost-performance analysis - Risk assessment - Selection criteria |
| Job Plan and Process | 25-30% | - Creative phase - Presentation phase - Information phase - Evaluation phase - Function analysis phase - Implementation phase - Development phase |
| Function Analysis | 15-20% | - Function definition (Basic/Secondary) - Function classification (Use/Esteem) - FAST diagrams - Function cost and worth |
| Creative Techniques | 10-15% | - Brainstorming - Idea generation methods - Synectics - Lateral thinking |
| Professional Practices | 5-10% | - Communication skills - Team dynamics - Ethical considerations - Documentation requirements |
SAVE International Value Methodology Associate Sample Questions:
1. Functions on a FAST diagram's function logic path follow:
A) And-Or logic
B) How-When logic
C) When-Why logic
D) How-Why logic
2. Function E is the:
A) Required Secondary Function
B) Basic Function
C) Secondary Function
D) Higher Order Function
3. Risks associated with a project, product, or process typically impact:
A) Time, function, or attributes
B) Schedule, cost, or performance
C) Cost, requirements, or results
D) Resources, regulations, or time
4. 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) Simple Payback (or Breakeven Point)
C) Discount Rate
D) Return on Investment (ROI)
5. An effective Information Phase kickoff meeting:
A) Indicates the VM solutions desired by decision makers.
B) Describes how functions have normally been accomplished.
C) Discusses the challenges of the proposed VM study approach.
D) Outlines goals for the study subject and VM study objectives.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |
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