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"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.
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| Section | Weight | Objectives |
|---|---|---|
| Application and Ethics | 15% | - Professional ethics and standards of practice - Application in projects, products and processes |
| Tools and Techniques | 25% | - Cost analysis and worth assessment - Team dynamics and facilitation - Decision-making and prioritization |
| Value Methodology Fundamentals | 20% | - Definition, purpose and benefits of Value Methodology - Core principles and terminology - Historical background and standards |
| VM Job Plan | 40% | - Development Phase - Function Analysis Phase
- Presentation Phase - Evaluation Phase - Creative Phase |
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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