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SAVE International VMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Creative Techniques | 10-15% | - Brainstorming - Lateral thinking - Idea generation methods - Synectics |
| Function Analysis | 15-20% | - Function cost and worth - Function definition (Basic/Secondary) - Function classification (Use/Esteem) - FAST diagrams |
| Value Methodology Fundamentals | 20-25% | - Function analysis basics - History and evolution of value methodology - Value vs. cost relationship - Basic concepts and terminology |
| Evaluation and Selection | 10-15% | - Cost-performance analysis - Risk assessment - Selection criteria |
| Professional Practices | 5-10% | - Documentation requirements - Communication skills - Ethical considerations - Team dynamics |
| Job Plan and Process | 25-30% | - Evaluation phase - Information phase - Presentation phase - Development phase - Implementation phase - Function analysis phase - Creative phase |
SAVE International Value Methodology Associate Sample Questions:
1. Functions on a FAST diagram's function logic path follow:
A) How-Why logic
B) How-When logic
C) When-Why logic
D) And-Or logic
2. 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)
3. What is the correct order for the three levels of filters used for evaluating ideas during the Evaluation Phase?
A) Medium, Fine, Coarse
B) Coarse, Fine, Medium
C) Medium, Coarse, Fine
D) Coarse, Medium, Fine
4. What is the correct sequence of the last four phases of the Value Methodology Job Plan?
A) Development, Evaluation, Presentation, and Implementation
B) Evaluation, Development, Implementation, and Presentation
C) Evaluation, Development, Presentation, and Implementation
D) Development, Presentation, Evaluation, and Implementation
5. Which of the following techniques involves capturing input from multiple customers and stakeholders at the same time?
A) Questionnaires
B) Focus panels
C) Interviews
D) Surveys
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |
