SAVE International VMA : Value Methodology Associate

  • Exam Code: VMA
  • Exam Name: Value Methodology Associate
  • Updated: Sep 06, 2025   Q&As: 63 Questions and Answers

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SAVE International Value Methodology Associate Sample Questions:

1. The Value Methodology is:

A) An eight-phase process to improve value.
B) A suggestion program to improve value.
C) A step-by-step design review to improve value.
D) A cost reduction exercise to improve value.


2. Which of the three levels of filters used for evaluating ideas during the Evaluation Phase applies an evaluation matrix technique?

A) Fine
B) Coarse
C) Reasonable
D) Medium


3. Which phase of the VM Job Plan is considered the heart of the Value Methodology?

A) Implementation
B) Function Analysis
C) Presentation
D) Creativity


4. The Development Phase involves which of the following steps?

A) Model the cost of ideas
B) Determine verb-noun combinations for ideas
C) Assign ideas to VM study team members
D) Prioritize ideas


5. Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?

A) Return on Investment (ROI)
B) Discount Rate
C) Present Worth (or Net Present Value)
D) Simple Payback (or Breakeven Point)


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: C

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