VMA ONLINE TEST, VMA TOP QUESTIONS

VMA Online Test, VMA Top Questions

VMA Online Test, VMA Top Questions

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Tags: VMA Online Test, VMA Top Questions, VMA Test Sample Questions, VMA Free Sample Questions, VMA Download Free Dumps

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SAVE International VMA Top Questions & VMA Test Sample Questions

With the dumps, you can quickly review the topics and revise them before taking the actual exam. The SAVE International VMA Dumps also provide detailed explanations and solutions to every question so that you can understand the concept better. This will ensure that you are well-prepared to take the exam. With our premium quality resources and unbeatable prices, you are guaranteed to pass your Value Methodology Associate certification exams.

SAVE International Value Methodology Associate Sample Questions (Q34-Q39):

NEW QUESTION # 34
Which of the following is the risk response strategy for opportunities that seek to increase the probability of an opportunity occurring and/or the magnitude of results being beneficial?

  • A. Mitigate
  • B. Exploit
  • C. Enhance
  • D. Share

Answer: C

Explanation:
Risk management in Value Methodology (VM) includes strategies for both threats and opportunities, particularly during the Implementation Planning phase, as taught in the VMF 1 course (Core Competency #8:
Implementation Planning). According to SAVE International's Value Methodology Standard, which aligns with project management best practices (e.g., PMI's PMBOK, as noted in Question 28), risk response strategies for opportunities include:
* Exploit: Ensure the opportunity is realized by taking actions to make it certain (e.g., assigning the best resources).
* Share: Partner with others to increase the likelihood or benefit of the opportunity (e.g., joint ventures).
* Enhance: Increase the probability of the opportunity occurring and/or the magnitude of its beneficial results (e.g., by improving conditions or amplifying benefits).
* Accept: Take no action to influence the opportunity.
The question specifically asks for the strategy that seeks to "increase the probability of an opportunity occurring and/or the magnitude of results being beneficial," which directly matches the definition ofEnhance.
For example, in a VM study, enhancing an opportunity might involve marketing a new feature to increase its adoption rate (probability) or improving its design to maximize savings (magnitude).
* Option A (Exploit) is incorrect because exploiting ensures the opportunity happens, not necessarily increasing its probability or magnitude.
* Option B (Share) is incorrect because sharing involves collaboration, not directly increasing probability or magnitude.
* Option C (Mitigate) is incorrect because mitigation applies to threats, not opportunities.
* Option D (Enhance) is correct, as it focuses on increasing the probability and/or magnitude of an opportunity's benefits.
:
SAVE International, VMF 1 Core Competency #8 (Implementation Planning), detailing risk response strategies for opportunities, including Enhance.
SAVE International, "Value Methodology Standard," section on risk management, referencing strategies like Enhance for opportunities (consistent with Question 28).


NEW QUESTION # 35
When transforming subject scope information, it is most important that the VM study team have a clear understanding of:

  • A. value improvement ideas and performance attributes.
  • B. the subject's purpose and the objectives of the VM study.
  • C. the interests and influence of customers, users, and stakeholders.
  • D. the Pareto chart, risk data, and quality expectations.

Answer: B

Explanation:
Transforming subject scope information occurs during the Information Phase of the Value Methodology (VM) Job Plan, as taught in the VMF 1 course (Core Competency #3: Value Methodology Job Plan).
According to SAVE International's Value Methodology Standard, "when transforming subject scope information, the VM study team must have a clear understanding of the subject's purpose (what it does and why it exists) and the objectives of the VM study (e.g., reduce costs by 15%, improve performance)." This understanding ensures that the team aligns the study with the project's goals and the VM process's aims, setting the foundation for effective function analysis and value improvement. This aligns with the primary objective of the Information Phase-to understand the subject-and the focus of the kickoff meeting on outlining goals and objectives. While stakeholder interests and other data are important, the most critical understanding is of the subject's purpose and study objectives.
* Option A (value improvement ideas and performance attributes) is incorrect because value improvement ideas are developed later (Creativity Phase, Question 49), and performance attributes are a subset of the broader purpose.
* Option B (the subject's purpose and the objectives of the VM study) is correct, as it captures the most important understanding needed during the Information Phase.
* Option C (the Pareto chart, risk data, and quality expectations) is incorrect because these are specific tools or data points, not the most critical understanding; Pareto charts apply later.
* Option D (the interests and influence of customers, users, and stakeholders) is incorrect because, while important, this is a subset of understanding the subject's purpose and study objectives, which are more fundamental.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, emphasizing the need to understand the subject's purpose and study objectives in the Information Phase.
SAVE International, VMF 1 Core Competency #3 (Value Methodology Job Plan), highlighting the focus on purpose and objectives (consistent with Questions 39 and 50).


NEW QUESTION # 36
An unwanted function of a hammer would be:

  • A. Transmit vibration
  • B. Swing arm
  • C. Deliver force
  • D. Apply force

Answer: A

Explanation:
Function Analysis in Value Methodology involves identifying and classifying functions of a product, process, or system using verb-noun combinations, as taught in the VMF 1 course (Core Competency #2). Functions are categorized as basic (essential to the purpose), secondary (supporting), or unwanted (undesirable outcomes).
For a hammer, the basic function is to "deliver force" to drive a nail, while secondary functions like "swing arm" or "apply force" support this purpose. An unwanted function is an unintended or negative outcome of the hammer's use.
* Option A (Swing arm) is a supporting function, describing the action of the user's arm to generate momentum, and is not unwanted.
* Option B (Apply force) is a secondary function, as it describes the action leading to delivering force, and is not unwanted.
* Option C (Deliver force) is the basic function of a hammer, essential to its purpose, and not unwanted.
* Option D (Transmit vibration) is correct because it represents an unintended and undesirable outcome- vibration transmitted to the user's hand can cause discomfort or fatigue, making it an unwanted function.
The VMF 1 course emphasizes identifying unwanted functions to target areas for value improvement, such as redesigning the hammer to reduce vibration.
:
SAVE International, VMF 1 Core Competency #2 (Function Analysis), which includes identifying basic, secondary, and unwanted functions using verb-noun combinations.
SAVE International, "Value Methodology Standard," section on Function Analysis, describing the classification of functions, including unwanted outcomes.


NEW QUESTION # 37
An effective Information Phase kickoff meeting:

  • A. Describes how functions have normally been accomplished.
  • B. Indicates the VM solutions desired by decision makers.
  • C. Outlines goals for the study subject and VM study objectives.
  • D. Discusses the challenges of the proposed VM study approach.

Answer: C

Explanation:
The Information Phase is the first phase of the Value Methodology (VM) Job Plan, where the team gathers and understands data about the study subject, as taught in the VMF 1 course (Core Competency #3: Value Methodology Job Plan). According to SAVE International's Value Methodology Standard, "an effective Information Phase kickoff meeting sets the stage for the VM study by outlining the goals for the study subject and the VM study objectives, ensuring alignment among team members and stakeholders." This involves clarifying the purpose of the study, the project's goals (e.g., reduce costs, improve performance), and the specific objectives of the VM study (e.g., achieve 20% cost savings while maintaining function). This aligns with the primary objective of the Information Phase-to understand the subject-and ensures the team starts with a clear direction.
* Option A (Discusses the challenges of the proposed VM study approach) is incorrect because, while challenges may be acknowledged, the primary focus of the kickoff is to set goals and objectives, not discuss challenges.
* Option B (Outlines goals for the study subject and VM study objectives) is correct, as it matches the purpose of an effective Information Phase kickoff meeting.
* Option C (Indicates the VM solutions desired by decision makers) is incorrect because solutions are developed later (e.g., in the Creativity and Development Phases), not during the Information Phase kickoff.
* Option D (Describes how functions have normally been accomplished) is incorrect because this level of functional detail is addressed in the Function Analysis Phase, not the Information Phase kickoff.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, detailing the role of the Information Phase kickoff in setting goals and objectives.
SAVE International, VMF 1 Core Competency #3 (Value Methodology Job Plan), emphasizing the importance of outlining goals during the Information Phase (consistent with Question 39).


NEW QUESTION # 38
The VM is defined by SAVE International as a:

  • A. Specialized process
  • B. Structured process
  • C. Sequential process
  • D. Systematic process

Answer: D

Explanation:
Value Methodology (VM) is defined by SAVE International in its Value Methodology Standard as "a systematic processthat uses a structured Job Plan to improve the value of projects, products, or processes by analyzing their functions and identifying opportunities to achieve required functions at the lowest total cost without compromising quality or performance." The term "systematic" emphasizes the methodical, disciplined approach of VM, which follows a defined sequence of phases (the VM Job Plan) and uses specific tools like Function Analysis and cost modeling to ensure consistency and effectiveness.
* Option A (Structured process) is partially correct, as VM is structured, but "systematic" is the precise term used by SAVE International to describe the methodology's comprehensive and methodical nature.
* Option B (Specialized process) is incorrect because VM is a general methodology applicable across industries, not limited to a specific domain.
* Option C (Systematic process) is correct, directly matching SAVE International's definition of VM.
* Option D (Sequential process) is incorrect because, while the VM Job Plan is sequential, the definition of VM focuses on its systematic nature, not just the sequence.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, defining VM as a systematic process.
SAVE International, "Value Methodology Associate (VMA) Certification,"https://www.value-eng.org/page
/VMA, referencing VMF 1 Core Competency #1 (Value Methodology Overview).


NEW QUESTION # 39
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