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Free Value Methodology Associate Practice Questions

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Exam style questions across every VMA domain

Last Update 1 day ago
Total Questions : 61

Start with our free VMA practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real Value Methodology exam. Each VMA exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your SAVE International weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 11

Which type of value is the sum of labor, material, and other resources required to produce the subject?

Options:

A.  

Esteem Value

B.  

Exchange Value

C.  

Use Value

D.  

Cost Value

Discussion 0
Question # 12

The primary objective of the Information phase is to:

Options:

A.  

Understand the subject

B.  

Obtain the voice of the customer

C.  

Create a cost model

D.  

Transform information

Discussion 0
Question # 13

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

Options:

A.  

Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements

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.  

Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports

Discussion 0
Question # 14

"When" is represented by which of the following letters?

Question # 14

Options:

A.  

A

B.  

B

C.  

C

D.  

D

Discussion 0
Question # 15

In which phases of the VM Job Plan does the VM study team use convergent thinking?

Options:

A.  

Creativity, Evaluation, Development

B.  

Information, Function Analysis, Creativity

C.  

Evaluation, Development, Presentation

D.  

Function Analysis, Creativity, Evaluation

Discussion 0
Question # 16

The Pareto Principle as applied in the Value Methodology means:

Options:

A.  

20% of risks impact 80% of elements

B.  

20% of elements represent 80% of the cost

C.  

80% of functions represent 20% of components

D.  

80% of the whole includes 20% of the resources

Discussion 0
Question # 17

An unwanted function of a hammer would be:

Options:

A.  

Swing arm

B.  

Apply force

C.  

Deliver force

D.  

Transmit vibration

Discussion 0
Question # 18

Which of the following best describes a VM study?

Options:

A.  

An analysis of a completed project design by a VM team

B.  

An improvement process similar to Lean Six Sigma

C.  

A workshop that applies the VM facilitated by a CVS

D.  

A structured effort by a multidisciplinary team using the VM

Discussion 0

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