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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Professional Practices | 5-10% | - Ethical considerations - Communication skills - Team dynamics - Documentation requirements |
| Topic 2: Creative Techniques | 10-15% | - Idea generation methods - Lateral thinking - Brainstorming - Synectics |
| Topic 3: Evaluation and Selection | 10-15% | - Selection criteria - Cost-performance analysis - Risk assessment |
| Topic 4: Function Analysis | 15-20% | - FAST diagrams - Function definition (Basic/Secondary) - Function classification (Use/Esteem) - Function cost and worth |
| Topic 5: Job Plan and Process | 25-30% | - Evaluation phase - Implementation phase - Development phase - Presentation phase - Information phase - Creative phase - Function analysis phase |
| Topic 6: Value Methodology Fundamentals | 20-25% | - Basic concepts and terminology - Value vs. cost relationship - Function analysis basics - History and evolution of value methodology |
SAVE International Value Methodology Associate Sample Questions:
Which are the three main characteristics of the Value Methodology?
- A. Systematic process, multidisciplinary team, qualified VM facilitator
- B. Multidisciplinary team, cost reduction, function improvement
- C. Systematic process, function analysis, CVS
- D. Function Analysis, brainstorming, teamwork
Correct Answer: A 🗳️
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The Pareto Principle as applied in the Value Methodology means:
- A. 80% of the whole includes 20% of the resources
- B. 80% of functions represent 20% of components
- C. 20% of risks impact 80% of elements
- D. 20% of elements represent 80% of the cost
Correct Answer: D 🗳️
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Which of the following is a basic function of a bicycle?
- A. Transport Mass
- B. Transport Goods
- C. Provide Transportation
- D. Move People
Correct Answer: C 🗳️
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The primary objective of the Information phase is to:
- A. Transform information
- B. Understand the subject
- C. Obtain the voice of the customer
- D. Create a cost model
Correct Answer: B 🗳️
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Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?
- A. Present Worth (or Net Present Value)
- B. Simple Payback (or Breakeven Point)
- C. Discount Rate
- D. Return on Investment (ROI)
Correct Answer: C 🗳️
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