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SAVE International VMA

VMA

Exam Code: VMA

Exam Name: Value Methodology Associate

Updated: Sep 04, 2025

Q&A Number: 63 Q&As

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SAVE International Value Methodology Associate Sample Questions:

1. Function E is the:

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


2. The original VM Job Plan was based on a problem-solving approach. Which is the correct order of the four steps comprising this approach?

A) Hypothesis, Observation, Experimentation, Conclusion
B) Hypothesis, Experimentation, Observation, Conclusion
C) Observation, Experimentation, Hypothesis, Conclusion
D) Observation, Hypothesis, Experimentation, Conclusion


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

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


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

A) Resources, regulations, or time
B) Schedule, cost, or performance
C) Time, function, or attributes
D) Cost, requirements, or results


5. One of the main purposes of the Miles Value Foundation is to:

A) Promote VM education
B) Conduct VM training
C) Manage VM certification
D) Improve VM programs


Solutions:

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

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