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SAVE International Value Methodology Associate : VMA

VMA

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Aug 16, 2026

Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

SectionWeightObjectives
Value Methodology Fundamentals20%- Definition, purpose and benefits of Value Methodology
- Core principles and terminology
- Historical background and standards
Application and Ethics15%- Application in projects, products and processes
- Professional ethics and standards of practice
VM Job Plan40%- Function Analysis Phase
  • 1. Function definition and classification
    • 2. FAST diagrams and function logic
      - Presentation Phase
      - Development Phase
      - Information Phase
      - Evaluation Phase
      - Creative Phase
      Tools and Techniques25%- Decision-making and prioritization
      - Team dynamics and facilitation
      - Cost analysis and worth assessment

      SAVE International Value Methodology Associate Sample Questions:

      1. Which function is located to the left of the left vertical line in a FAST diagram?

      A) Higher Order Function
      B) Lower Order Function
      C) Basic Function
      D) Secondary Function


      2. One of the main purposes of the Miles Value Foundation is to:

      A) Manage VM certification
      B) Conduct VM training
      C) Promote VM education
      D) Improve VM programs


      3. Which of the following are tasks during the development of VM proposals? (Choose 3 answers)

      A) Address technical feasibility
      B) State the disposition of the proposal
      C) Assess time and schedule impacts
      D) Determine costs
      E) Validate the proposal


      4. What is a function of a teacup?

      A) Allow drinking
      B) Provide container
      C) Contain liquid
      D) Contain tea


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

      A) Function Analysis Phase
      B) Evaluation Phase
      C) Creativity Phase
      D) Presentation Phase


      Solutions:

      Question # 1
      Answer: A
      Question # 2
      Answer: C
      Question # 3
      Answer: A,C,D
      Question # 4
      Answer: C
      Question # 5
      Answer: C

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