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Last Updated: Sep 11, 2026

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SAVE International VMA Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial and Analytical Tools- Cost Analysis Methods
  • 1. Return on Investment (ROI)
    • 2. Net Present Value (NPV)
      • 3. Break-even Analysis
        Topic 2: Value Methodology Fundamentals- Core Value Methodology Concepts
        • 1. Value Types (Use, Exchange, Cost, Esteem)
          • 2. Life Cycle Costing Basics
            • 3. Function Analysis System Technique (FAST)
              - VM Job Plan Basics
              • 1. Function Analysis Phase
                • 2. Information Phase
                  • 3. Evaluation Phase
                    • 4. Creative Phase Concepts
                      Topic 3: Value Engineering Principles- Team-Based Workshop Approach
                      • 1. Brainstorming Techniques
                        • 2. Multidisciplinary Team Collaboration
                          - Evaluation and Selection
                          • 1. Cost-Function Analysis
                            • 2. Idea Screening

                              SAVE International Value Methodology Associate Sample Questions:

                              Question #1

                              Which phase enables the VM team to select viable ideas?

                              • A. Presentation
                              • B. Function Analysis
                              • C. Development
                              • D. Evaluation
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

                              Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                              Question #2

                              The VM Job Plan provides a structured sequence of phases designed to leverage which of the following types of thinking?

                              • A. Critical and divergent
                              • B. Convergent and divergent
                              • C. Divergent and abstract
                              • D. Convergent and abstract
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

                              Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                              Question #3

                              Identify which are key data used to transform information for a product value study:

                              • A. Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
                              • B. Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
                              • C. Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
                              • D. Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                              Question #4

                              Risks associated with a project, product, or process typically impact:

                              • A. Resources, regulations, or time
                              • B. Cost, requirements, or results
                              • C. Schedule, cost, or performance
                              • D. Time, function, or attributes
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                              Question #5

                              When transforming the VM study subject's cost information, the potential for achieving major savings is:

                              • A. Improved when costs are aligned with scope increases
                              • B. Enhanced when outputs are included in calculations
                              • C. Greatest during the early phases of the project lifecycle
                              • D. Increased when the VM proposals improve performance
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

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