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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Application and Ethics | 15% | - Professional ethics and standards of practice - Application in projects, products and processes |
| Topic 2: VM Job Plan | 40% | - Function Analysis Phase
- Development Phase - Creative Phase - Evaluation Phase - Presentation Phase |
| Topic 3: Tools and Techniques | 25% | - Decision-making and prioritization - Cost analysis and worth assessment - Team dynamics and facilitation |
| Topic 4: Value Methodology Fundamentals | 20% | - Historical background and standards - Core principles and terminology - Definition, purpose and benefits of Value Methodology |
SAVE International Value Methodology Associate Sample Questions:
Identify which are key data used to transform information for a product value study:
- A. Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
- B. Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
- C. Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
- D. Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
Correct Answer: A 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
What is the correct sequence of the last four phases of the Value Methodology Job Plan?
- A. Evaluation, Development, Implementation, and Presentation
- B. Development, Evaluation, Presentation, and Implementation
- C. Development, Presentation, Evaluation, and Implementation
- D. Evaluation, Development, Presentation, and Implementation
Correct Answer: D 🗳️
The Pareto Principle as applied in the Value Methodology means:
- A. 20% of elements represent 80% of the cost
- B. 80% of functions represent 20% of components
- C. 20% of risks impact 80% of elements
- D. 80% of the whole includes 20% of the resources
Correct Answer: A 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
A Random Function Identification table contains:
- A. Components, resources, and criteria
- B. Inputs, objectives, and sequence
- C. Costs, time, and risks
- D. Elements, functions, and classifications
Correct Answer: D 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
An unwanted function of a hammer would be:
- A. Deliver force
- B. Swing arm
- C. Apply force
- D. Transmit vibration
Correct Answer: D 🗳️
Explanation: Only visible for ActualVCE members. You can sign-up / login (it's free).
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