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SAVE International VMA Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial and Analytical Tools | - Cost Analysis Methods
|
| Value Methodology Fundamentals | - VM Job Plan Basics
|
| Value Engineering Principles | - Evaluation and Selection
|
SAVE International Value Methodology Associate Sample Questions:
1. "When" is represented by which of the following letters?
A) C
B) B
C) A
D) D
2. Which function is located to the left of the left vertical line in a FAST diagram?
A) Basic Function
B) Lower Order Function
C) Higher Order Function
D) Secondary Function
3. Which type of value is the sum of labor, material, and other resources required to produce the subject?
A) Cost Value
B) Esteem Value
C) Exchange Value
D) Use Value
4. All-the-time functions are:
A) Continuous
B) Outside the study scope
C) Undesirable
D) A drain on resources
5. The Development Phase involves which of the following steps?
A) Assign ideas to VM study team members
B) Prioritize ideas
C) Determine verb-noun combinations for ideas
D) Model the cost of ideas
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |
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