Value Methodology Associate: VMA Exam


"Value Methodology Associate", also known as VMA exam, is a SAVE International Certification. With the complete collection of questions and answers, ExamcollectionPass has assembled to take you through 63 Q&As to your VMA Exam preparation. In the VMA exam resources, you will cover every field and category in Value Methodology Certification helping to ready you for your successful SAVE International Certification.

  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Total Questions: 63

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SAVE International VMA Exam Syllabus Topics:

SectionWeightObjectives
Application and Ethics15%- Professional ethics and standards of practice
- Application in projects, products and processes
Tools and Techniques25%- Cost analysis and worth assessment
- Team dynamics and facilitation
- Decision-making and prioritization
Value Methodology Fundamentals20%- Definition, purpose and benefits of Value Methodology
- Core principles and terminology
- Historical background and standards
VM Job Plan40%- Development Phase
- Function Analysis Phase
  • 1. FAST diagrams and function logic
    • 2. Function definition and classification
      - Information Phase
      - Presentation Phase
      - Evaluation Phase
      - Creative Phase

      SAVE International Value Methodology Associate Sample Questions:

      1. What is the correct sequence of the last four phases of the Value Methodology Job Plan?

      A) Development, Presentation, Evaluation, and Implementation
      B) Development, Evaluation, Presentation, and Implementation
      C) Evaluation, Development, Presentation, and Implementation
      D) Evaluation, Development, Implementation, and Presentation


      2. All-the-time functions are:

      A) Undesirable
      B) A drain on resources
      C) Continuous
      D) Outside the study scope


      3. Which is the correct order of steps in establishing evaluation criteria?

      A) Identify context, define criteria, determine importance, determine range/scale
      B) Define criteria, identify context, determine importance, determine range/scale
      C) Define criteria, identify context, determine range/scale, determine importance
      D) Identify context, define criteria, determine range/scale, determine importance


      4. What is a function of a teacup?

      A) Contain liquid
      B) Provide container
      C) Contain tea
      D) Allow drinking


      5. One of the main purposes of the Miles Value Foundation is to:

      A) Promote VM education
      B) Manage VM certification
      C) Conduct VM training
      D) Improve VM programs


      Solutions:

      Question # 1
      Answer: C
      Question # 2
      Answer: C
      Question # 3
      Answer: A
      Question # 4
      Answer: A
      Question # 5
      Answer: A

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