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[General] VMA Vorbereitungsfragen, VMA Prüfungsvorbereitung

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【General】 VMA Vorbereitungsfragen, VMA Prüfungsvorbereitung

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SAVE International Value Methodology Associate VMA Prüfungsfragen mit Lösungen (Q16-Q21):16. Frage
Identify which are key data used to transform information for a product value study:
  • A. Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements
  • B. Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics
  • C. Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information
  • D. Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports
Antwort: B
Begründung:
The Information Phase of the Value Methodology (VM) Job Plan involves gathering and transforming data to understand the subject of the study, as taught in the VMF 1 course (Core Competency #3: Value Methodology Job Plan). According to SAVE International's Value Methodology Standard, "key data for a product value study typically includes design objectives, cost estimates, drawings, specifications, and resource models, which are transformed to define functions, costs, and constraints." These data types are essential for a product- focused study (as opposed to a process or construction project), enabling the VM team to:
* Understand the product's purpose (design objectives).
* Analyze costs (original cost estimate, before optimization).
* Review technical details (drawings, specifications).
* Assess resource use (resource models).Customer demographics may provide context but are not core to transforming information for a product value study.
* Option A (Flow diagrams, latest cost estimate, labor reports, drawings, site plan, regulatory requirements): This is more suited for a process or construction project (e.g., flow diagrams, site plan), not a product value study.
* Option B (Customer requirements, overhead cost, competitive analysis, sample components, packaging requirements, warranty information): While customer requirements and sample components are relevant, competitive analysis, packaging, and warranty are secondary; overhead cost is too specific and not a core data type for transformation.
* Option C (Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics): This is correct, as it includes the core data types for a product value study (design objectives, cost estimate, drawings, specifications, resource models), though customer demographics are less critical but acceptable as context.
* Option D (Customer demographics, overhead cost, drawings, competitive analysis, sample components, labor reports): This includes less relevant data (customer demographics, competitive analysis, labor reports) and misses key items like design objectives and specifications.
* Option C (Design objectives, original cost estimate, drawings, specifications, resource models, customer demographics) is correct, as it best aligns with the key data needed for a product value study.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, detailing data types for the Information Phase in product value studies.
SAVE International, VMF 1 Core Competency #3 (Value Methodology Job Plan), emphasizing key data for transforming information (consistent with Question 39).

17. Frage
In which costing technique is the time value of money essential?
  • A. Simple Payback
  • B. Break-even point
  • C. Life Cycle Cost
  • D. Return on Investment
Antwort: C
Begründung:
Cost analysis in Value Methodology often involves financial techniques to evaluate the economic feasibility of alternatives, as taught in the VMF 1 course (Core Competency #4: Cost Analysis). According to SAVE International's Value Methodology Standard, "the time value of money is essential in costing techniques that account for costs and benefits over time, such as Life Cycle Cost (LCC)."Life Cycle Costis defined as "the total cost of a system or product over its entire life, including acquisition, operation, maintenance, and disposal, discounted to present value using the time value of money." The time value of money ensures that future costs and benefits are adjusted to their present value using a discount rate (as noted in Questions 6 and
7), making LCC a comprehensive method for comparing alternatives in VM studies.
* Option A (Return on Investment) is incorrect because, while ROI can consider the time value of money in some calculations, it is not essential; ROI is often calculated as a simple percentage (Profit ÷ Investment).
* Option B (Life Cycle Cost) is correct, as LCC inherently requires the time value of money to discount future costs to present value, ensuring a fair comparison over the project's life.
* Option C (Simple Payback) is incorrect because simple payback (as calculated in Question 26) does not account for the time value of money; it simply divides the initial investment by annual savings.
* Option D (Break-even point) is incorrect because the break-even point (similar to payback) typically does not incorporate the time value of money; it focuses on the point where costs equal revenues.
:
SAVE International, VMF 1 Core Competency #4 (Cost Analysis), which includes Life Cycle Cost as a technique requiring the time value of money.
SAVE International, "Value Methodology Standard," section on cost analysis, defining Life Cycle Cost and its reliance on discounting (consistent with Question 7 on Present Worth).

18. Frage
The primary objective of the Information phase is to:
  • A. Understand the subject
  • B. Obtain the voice of the customer
  • C. Transform information
  • D. Create a cost model
Antwort: A
Begründung:
The Information Phase is the first phase of the Value Methodology (VM) Job Plan, as outlined in the VMF 1 course (Core Competency #3: Value Methodology Job Plan). According to SAVE International's Value Methodology Standard, "the primary objective of the Information Phase is to obtain a thorough understanding of the subject of the VM study by gathering and analyzing data on project scope, costs, constraints, objectives, and stakeholder needs." This phase establishes the foundation for the entire study by ensuring the team fully understands the project, its goals, and its constraints before proceeding to function analysis. While obtaining the voice of the customer (e.g., through focus panels, as noted in Question 34) and creating cost models are activities within this phase, the overarching objective is to understand the subject comprehensively.
* Option A (Understand the subject) is correct, as it directly aligns with the primary objective of the Information Phase per VM standards (also noted in Question 14).
* Option B (Obtain the voice of the customer) is incorrect because, while this is an activity within the Information Phase, it is not the primary objective; the broader goal is understanding the subject.
* Option C (Create a cost model) is incorrect because cost modeling is a specific activity within the Information Phase, not the primary objective.
* Option D (Transform information) is incorrect because transforming information occurs later (e.g., during Function Analysis or Development), not as the primary goal of the Information Phase.
:
SAVE International, "Value Methodology Standard and Body of Knowledge," available athttps://www.value- eng.org, detailing the Information Phase's objective to understand the study subject.
SAVE International, VMF 1 Core Competency #3 (Value Methodology Job Plan), emphasizing the role of the Information Phase in understanding the subject (as noted in Question 14).

19. Frage
Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?
  • A. Discount Rate
  • B. Return on Investment (ROI)
  • C. Present Worth (or Net Present Value)
  • D. Simple Payback (or Breakeven Point)
Antwort: A
Begründung:
In the context of Value Methodology, cost analysis often involves financial concepts to evaluate the economic impact of alternatives, including understanding the time value of money. The VMF 1 course, under Core Competency #4 (Cost Analysis), includes basic financial metrics relevant to value studies, such as discounting cash flows to assess long-term value. The nominal rate of increase in the value of money over time, after subtracting for inflation, refers to thereal discount rate. In financial terms, as per standard economic principles taught in VMF 1, the discount rate is the rate used to discount future cash flows to their present value, and thereal discount rateis the nominal discount rate adjusted for inflation (i.e., real discount rate = nominal discount rate # inflation rate). This measures the true increase in the value of money over time, excluding inflationary effects.
* Option A (Simple Payback or Breakeven Point) is incorrect because payback measures the time required to recover an investment, not the rate of increase in money's value.
* Option B (Return on Investment or ROI) is incorrect because ROI measures the profitability of an investment as a percentage, not the rate of increase in money's value over time.
* Option C (Discount Rate) is correct because the real discount rate, after subtracting inflation, defines the nominal rate of increase in the value of money over time, as used in financial analyses within VM studies.
* Option D (Present Worth or Net Present Value) is incorrect because NPV is the result of discounting future cash flows to their present value using a discount rate, not the rate itself.
:
SAVE International, VMF 1 Core Competency #4 (Cost Analysis), which includes financial concepts like discounting and the time value of money in value studies.
SAVE International, "Value Methodology Standard," section on cost analysis, referencing economic evaluation techniques such as discounting for long-term cost analysis.

20. Frage
Within the scope of a residential door (including the door frame, hinges, lock set, and door handle), which of the following does not contain activities?
  • A. Connect spaces, construct frame, attract user
  • B. Rotate door, support load, grasp handle
  • C. Restrict access, improve safety, transmit force
  • D. Install screws, separate spaces, secure space
Antwort: C
Begründung:
In Value Methodology's Function Analysis, functions and activities are distinct concepts, as taught in the VMF 1 course (Core Competency #2: Function Analysis). According to SAVE International's Value Methodology Standard, "functions are what a product, process, or system does, expressed in a verb-noun format (e.g., 'restrict access'), while activities are tasks, actions, or operations that describe how a function is performed (e.g., 'install screws')" (as noted in Question 43). The question asks for the option that does not contain activities, meaning it should only include functions (verb-noun combinations) and no activities (specific tasks).
For a residential door:
* Option A (Restrict access, improve safety, transmit force):
* Restrict access (function: the door limits entry).
* Improve safety (function: the door enhances security).
* Transmit force (function: the handle or hinges transfer force to open/close).All are functions in verb-noun format, with no activities (specific tasks).
* Option B (Connect spaces, construct frame, attract user):
* Connect spaces (function: the door links rooms).
* Construct frame (activity: the task of building the frame).
* Attract user (function: the door's aesthetics draw attention).Contains an activity (construct frame).
* Option C (Rotate door, support load, grasp handle):
* Rotate door (function: the hinges enable rotation).
* Support load (function: the frame bears the door's weight).
* Grasp handle (activity: the action of holding the handle).Contains an activity (grasp handle).
* Option D (Install screws, separate spaces, secure space):
* Install screws (activity: the task of fastening screws).
* Separate spaces (function: the door divides rooms).
* Secure space (function: the lock protects the area).Contains an activity (install screws).
* Option A (Restrict access, improve safety, transmit force) is correct, as it contains only functions, with no activities.
* Option B is incorrect because "construct frame" is an activity.
* Option C is incorrect because "grasp handle" is an activity.
* Option D is incorrect because "install screws" is an activity.
:
SAVE International, VMF 1 Core Competency #2 (Function Analysis), distinguishing between functions (verb-noun) and activities (how functions are performed).
SAVE International, "Value Methodology Standard," section on Function Analysis, defining functions and activities (consistent with Question 43).

21. Frage
......
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