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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| VM Job Plan | 40% | - Function Analysis Phase
- Information Phase - Evaluation Phase - Development Phase - Creative Phase |
| Tools and Techniques | 25% | - Cost analysis and worth assessment - Team dynamics and facilitation - Decision-making and prioritization |
| Application and Ethics | 15% | - Professional ethics and standards of practice - Application in projects, products and processes |
| Value Methodology Fundamentals | 20% | - Core principles and terminology - Historical background and standards - Definition, purpose and benefits of Value Methodology |
SAVE International Value Methodology Associate Sample Questions:
1. Which function represents the specific goals or needs for which the subject scope exists?
A) Basic
B) Higher Order
C) Secondary
D) Lower Order
2. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?
A) Discount Rate
B) Present Worth (or Net Present Value)
C) Return on Investment (ROI)
D) Simple Payback (or Breakeven Point)
3. Which of the following is a basic function of a bicycle?
A) Move People
B) Transport Mass
C) Provide Transportation
D) Transport Goods
4. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?
A) Coarse, Fine, Medium
B) Medium, Coarse, Fine
C) Coarse, Medium, Fine
D) Medium, Fine, Coarse
5. Which is the correct order of steps in establishing evaluation criteria?
A) Identify context, define criteria, determine importance, determine range/scale
B) Identify context, define criteria, determine range/scale, determine importance
C) Define criteria, identify context, determine range/scale, determine importance
D) Define criteria, identify context, determine importance, determine range/scale
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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