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SAVE International Value Methodology Associate : VMA

VMA

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Aug 21, 2026

Q & A: 63 Questions and Answers

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SAVE International VMA Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Application and Ethics15%- Professional ethics and standards of practice
- Application in projects, products and processes
Topic 2: Tools and Techniques25%- Cost analysis and worth assessment
- Team dynamics and facilitation
- Decision-making and prioritization
Topic 3: Value Methodology Fundamentals20%- Historical background and standards
- Core principles and terminology
- Definition, purpose and benefits of Value Methodology
Topic 4: VM Job Plan40%- Function Analysis Phase
  • 1. FAST diagrams and function logic
    • 2. Function definition and classification
      - Creative Phase
      - Development Phase
      - Information Phase
      - Evaluation Phase
      - Presentation Phase

      SAVE International Value Methodology Associate Sample Questions:

      1. Function E is the:

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


      2. What is the term for the vertical demarcations on the left and right of a FAST diagram?

      A) Function Logic Lines
      B) When Direction Lines
      C) Scope Lines
      D) Subject Lines


      3. Which is the correct order of steps in establishing evaluation criteria?

      A) Define criteria, identify context, determine range/scale, determine importance
      B) Define criteria, identify context, determine importance, determine range/scale
      C) Identify context, define criteria, determine importance, determine range/scale
      D) Identify context, define criteria, determine range/scale, determine importance


      4. Which of the following functions is a Subject Objective?

      A) Function Q
      B) Function R
      C) Function P
      D) Function O


      5. All-the-time functions are:

      A) Undesirable
      B) Outside the study scope
      C) Continuous
      D) A drain on resources


      Solutions:

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

      VMA Related Exams
      CVS - Certified Value Specialist
      Related Certifications
      Value Methodology
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