SAVE International Value Methodology Associate : VMA Exam Questions

  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Sep 27, 2026
  • Q&As: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

SectionObjectives
Value Methodology Fundamentals- Core Value Methodology Concepts
  • 1. Value Types (Use, Exchange, Cost, Esteem)
    • 2. Function Analysis System Technique (FAST)
      • 3. Life Cycle Costing Basics
        - VM Job Plan Basics
        • 1. Evaluation Phase
          • 2. Function Analysis Phase
            • 3. Information Phase
              • 4. Creative Phase Concepts
                Financial and Analytical Tools- Cost Analysis Methods
                • 1. Break-even Analysis
                  • 2. Net Present Value (NPV)
                    • 3. Return on Investment (ROI)
                      Value Engineering Principles- Evaluation and Selection
                      • 1. Cost-Function Analysis
                        • 2. Idea Screening
                          - Team-Based Workshop Approach
                          • 1. Multidisciplinary Team Collaboration
                            • 2. Brainstorming Techniques

                              SAVE International Value Methodology Associate Sample Questions:

                              Question #1

                              Which of the following best describes a VM study?

                              • A. Is undertaken after the design is completed
                              • B. It is a structured effort using the VM process to improve value
                              • C. Is considered a business improvement best practice
                              • D. Must be led by a Certified Value Specialist
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                              Question #2

                              In which phase is a large quantity of ideas or alternatives generated to accomplish the functions?

                              • A. Presentation Phase
                              • B. Evaluation Phase
                              • C. Function Analysis Phase
                              • D. Creativity Phase
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                              Question #3

                              Functions on a FAST diagram's function logic path follow:

                              • A. When-Why logic
                              • B. How-Why logic
                              • C. And-Or logic
                              • D. How-When logic
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                              Question #4

                              Which function represents the specific goals or needs for which the subject scope exists?

                              • A. Lower Order
                              • B. Secondary
                              • C. Basic
                              • D. Higher Order
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

                              Question #5

                              Function E is the:

                              • A. Secondary Function
                              • B. Higher Order Function
                              • C. Required Secondary Function
                              • D. Basic Function
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).

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