Pass the actual test with the help of VMA study guide
Last Updated: Jul 20, 2026
No. of Questions: 63 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Application and Ethics | 15% | - Application in projects, products and processes - Professional ethics and standards of practice |
| Value Methodology Fundamentals | 20% | - Core principles and terminology - Definition, purpose and benefits of Value Methodology - Historical background and standards |
| VM Job Plan | 40% | - Function Analysis Phase
- Evaluation Phase - Presentation Phase - Development Phase - Creative Phase |
| Tools and Techniques | 25% | - Team dynamics and facilitation - Decision-making and prioritization - Cost analysis and worth assessment |
1. The primary objective of the Information phase is to:
A) Transform information
B) Create a cost model
C) Understand the subject
D) Obtain the voice of the customer
2. An effective Information Phase kickoff meeting:
A) Outlines goals for the study subject and VM study objectives.
B) Describes how functions have normally been accomplished.
C) Indicates the VM solutions desired by decision makers.
D) Discusses the challenges of the proposed VM study approach.
3. Which function represents the specific goals or needs for which the subject scope exists?
A) Higher Order
B) Secondary
C) Lower Order
D) Basic
4. What is the correct sequence of the last four phases of the Value Methodology Job Plan?
A) Evaluation, Development, Implementation, and Presentation
B) Development, Presentation, Evaluation, and Implementation
C) Development, Evaluation, Presentation, and Implementation
D) Evaluation, Development, Presentation, and Implementation
5. During the life cycle of a project or product, the greatest possibility to influence impacts and costs takes place during:
A) Operating
B) Maintaining
C) Planning
D) Organizing
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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