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SAVE International VMA Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial and Analytical Tools | - Cost Analysis Methods
|
| Topic 2: Value Methodology Fundamentals | - VM Job Plan Basics
|
| Topic 3: Value Engineering Principles | - Team-Based Workshop Approach
|
SAVE International Value Methodology Associate Sample Questions:
What is a function of a teacup?
- A. Contain liquid
- B. Provide container
- C. Contain tea
- D. Allow drinking
Correct Answer: A 🗳️
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The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?
- A. Convergent and abstract
- B. Critical and divergent
- C. Divergent and abstract
- D. Convergent and divergent
Correct Answer: D 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
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. Return on Investment (ROI)
- B. Simple Payback (or Breakeven Point)
- C. Present Worth (or Net Present Value)
- D. Discount Rate
Correct Answer: C 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?
- A. Interviews
- B. Surveys
- C. Questionnaires
- D. Focus panels
Correct Answer: D 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
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
Correct Answer: A 🗳️
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