Copyright © 2023 Russell College Design By Nubevest.
DOWNLOAD the newest Itbraindumps VMA PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1oMvK5B3FffCrVhvuPoiLLIjibEr6PmqX
As the actual Value Methodology Associate (VMA) certification exam costs a high penny, Itbraindumps provides a free demo before your purchase so you can be well aware of the SAVE International VMA exam questions. The Value Methodology Associate (VMA) exam dumps are instantly downloadable right after your purchase. In the same way, Itbraindumps provides a money-back guarantee if in any case, you are unable to pass the SAVE International VMA Certification but the terms and conditions are mentioned on the guarantee page.
Most returned customers said that our VMA dumps pdf covers the big part of main content of the certification exam. Questions and answers from our VMA free download files are tested by our certified professionals and the accuracy of our questions are 100% guaranteed. Please check the free demo of VMA Braindumps before purchased and we will send you the download link of VMA real dumps after payment.
>> Associate VMA Level Exam <<
Decades of painstaking efforts have put us in the leading position of VMA training materials compiling market, and the excellent quality of our VMA guide torrent and high class operation system in our company have won the common recognition from many international customers for us. With the high class operation system, we can assure you that you can start to prepare for the VMA Exam with our study materials only 5 to 10 minutes after payment since our advanced operation system will send the VMA exam torrent to your email address automatically as soon as possible after payment.
NEW QUESTION # 36
Which of the following defines the effects of time, value, and money, converting all costs to a common reference point in today's dollars?
Answer: D
Explanation:
In Value Methodology, cost analysis often involves evaluating the economic impact of alternatives over time, which requires understanding the time value of money. The VMF 1 course, under Core Competency #4 (Cost Analysis), includes financial concepts like discounting cash flows to assess long-term value. The concept of converting all costs to a common reference point in today's dollars refers toPresent Worth (or Net Present Value, NPV). According to SAVE International's Value Methodology Standard, Present Worth (or NPV) is used to "evaluate the economic feasibility of alternatives by discounting future cash flows to their present value, accounting for the time value of money." This process converts all costs and benefits (adjusted for time, value, and money) to a single value in today's dollars using a discount rate, allowing for a fair comparison of alternatives.
* Option A (Return on Investment or ROI) is incorrect because ROI measures profitability as a percentage and does not convert costs to a present value.
* Option B (Present Worth or Net Present Value) is correct because NPV accounts for the effects of time, value, and money by discounting future cash flows to today's dollars.
* Option C (Discount Rate) is incorrect because the discount rate is the rate used in NPV calculations, not the method of converting costs itself.
* Option D (Simple Payback or Breakeven Point) is incorrect because payback measures the time to recover an investment and does not account for the time value of money or convert costs to present value.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, section on cost analysis, referencing Present Worth (NPV) for economic evaluation.
SAVE International, VMF 1 Core Competency #4 (Cost Analysis), which includes discounting techniques for comparing alternatives.
NEW QUESTION # 37
In which phase does one work to obtain a thorough understanding of the subject of the VM study?
Answer: A
Explanation:
The Value Methodology (VM) Job Plan, as outlined in the VMF 1 course and SAVE International's Value Methodology Standard, consists of six phases, starting with the Information Phase. According to VMF 1 Core Competency #3 (Value Methodology Job Plan), the Information Phase is where the VM team works to
"obtain a thorough understanding of the subject of the study by gathering and analyzing data on project scope, costs, constraints, objectives, and stakeholder needs." This phase involves collecting all relevant information-such as drawings, specifications, cost data, and performance requirements-to establish a baseline for the study, ensuring the team fully understands the project before proceeding to function analysis.
* Option A (Information Phase) is correct, as it is explicitly defined as the phase for gaining a thorough understanding of the VM study's subject.
* Option B (Creativity Phase) is incorrect because this phase focuses on generating ideas, not gathering information.
* Option C (Evaluation Phase) is incorrect because this phase involves assessing ideas, which occurs after the subject is already understood.
* Option D (Presentation Phase) is incorrect because this phase involves communicating recommendations, not studying the subject.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, detailing the Information Phase in the VM Job Plan.
SAVE International, VMF 1 Core Competency #3 (Value Methodology Job Plan), emphasizing the role of the Information Phase in understanding the study subject.
NEW QUESTION # 38
Which function represents the specific goals or needs for which the subject scope exists?
Answer: A
Explanation:
In Value Methodology's Function Analysis, functions are classified based on their role in the system, as taught in the VMF 1 course (Core Competency #2). According to SAVE International's Value Methodology Standard, thehigher-order function"represents the specific goals or needs for which the subject scope exists-it answers 'why' the system or project is needed." In a FAST diagram, the higher-order function is located to the left of the basic function, just inside the left scope line, as seen in Question 18 (Function E). It defines the overarching objective or customer need that justifies the existence of the system (e.g., for a car, the higher-order function might be "provide mobility," while the basic function is "transport passengers").
* Option A (Basic) is incorrect because the basic function is the primary purpose of the system within the scope (e.g., "transport passengers"), not the overarching goal.
* Option B (Lower Order) is incorrect because "lower-order" is not a standard term in VM; it may refer to functions to the right of the basic function, which are more specific, not goal-oriented.
* Option C (Higher Order) is correct, as it represents the specific goals or needs for which the subject scope exists, per VM standards.
* Option D (Secondary) is incorrect because secondary functions support the basic function and do not represent the overarching goals.
:
SAVE International, VMF 1 Core Competency #2 (Function Analysis), defining higher-order functions as the goals or needs of the system.
SAVE International, "Value Methodology Standard," section on Function Analysis, describing the role of higher-order functions in FAST diagrams.
NEW QUESTION # 39
Y is pointing to the
Answer: B
Explanation:
The diagram provided is a Function Analysis System Technique (FAST) diagram, a key tool in Value Methodology's Function Analysis phase, as taught in the VMF 1 course. FAST diagrams map the relationships between functions of a system, showing "how" and "why" relationships to identify the critical logic path (the primary sequence of functions that achieve the system's basic function) and minor logic paths (supporting functions). In FAST diagramming, functions are represented by boxes (e.g., G, H, J, K), and their relationships are shown with arrows.
* Yis a red arrow connecting function G to function J, running horizontally across the diagram. In FAST diagrams, the horizontal path from left to right represents thecritical logic path, which answers the question "how" each function is achieved to fulfill the system's primary purpose. Here, the path from E to F to G to J to L to M to N to O is the main sequence of functions, indicating the critical logic path.
* Z(another red arrow) points to a vertical connection between J and K, which represents a minor logic path-supporting functions that occur simultaneously or are secondary to the main path.
* Option A ("AND" Gate) and Option D ("OR" Gate) are incorrect because FAST diagrams use logic gates to show relationships between functions (e.g., AND for concurrent functions, OR for alternatives), but Y is an arrow on the main path, not a gate. Gates are typically symbols (e.g., triangles or diamonds) at junctions, not arrows.
* Option B (Minor Logic Path) is incorrect because minor logic paths are vertical connections in FAST diagrams (e.g., Z pointing to J-K), not the horizontal path that Y indicates.
* Option C (Critical Logic Path) is correct because Y lies on the main horizontal path, which represents the critical sequence of functions in a FAST diagram.
:
SAVE International, VMF 1 Core Competency #2 (Function Analysis), which includes the use of FAST diagrams to map critical and minor logic paths.
SAVE International, "Value Methodology Standard," section on Function Analysis, describing FAST diagramming conventions (horizontal for critical path, vertical for minor paths).
NEW QUESTION # 40
The VM is defined by SAVE International as a:
Answer: A
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 # 41
......
The exam questions and answers of general SAVE International certification exams are produced by the SAVE International specialist professional experience. Itbraindumps just have these SAVE International experts to provide you with practice questions and answers of the exam to help you pass the exam successfully. Our Itbraindumps's practice questions and answers have 100% accuracy. Purchasing products of Itbraindumps you can easily obtain SAVE International certification and so that you will have a very great improvement in VMA area.
Exam VMA Cram Questions: https://www.itbraindumps.com/VMA_exam.html
The online test engine is same to the testing engine, the difference between them is that the SAVE International testing engine only supports the Windows operating system but online test engine can be used in any electronic equipment to do the VMA braindumps questions, If you have some doubt about some questions and answers of SAVE International VMA dumps torrent after purchasing you also contact us via email after purchasing, SAVE International Associate VMA Level Exam The varieties versions can meet all the customers' requirements.
In my own work, I find landscapes taken using a teleconverter have a tendency to VMA be a little muddy so I always check the levels, As you're entering text, Pages is fully compatible with the Copy, Cut, and Paste features built into the iOS.
The online test engine is same to the testing Associate VMA Level Exam engine, the difference between them is that the SAVE International testing engine only supportsthe Windows operating system but online test engine can be used in any electronic equipment to do the VMA Braindumps questions.
If you have some doubt about some questions and answers of SAVE International VMA dumps torrent after purchasing you also contact us via email after purchasing, The varieties versions can meet all the customers' requirements.
We guarantee that this study material will prove enough to prepare successfully for the VMA examination, It is easy to get advancement by our VMA study materials.
2025 Latest Itbraindumps VMA PDF Dumps and VMA Exam Engine Free Share: https://drive.google.com/open?id=1oMvK5B3FffCrVhvuPoiLLIjibEr6PmqX
Campus : Level 1 190 Queen Street, Melbourne, Victoria 3000
Training Kitchen : 17-21 Buckhurst, South Melbourne, Victoria 3205
Email : info@russellcollege.edu.au
Phone : +61 399987554