Online Access Free EX0-006 Exam Questions

What is used to assess whether a particular Value Driver represents good value for money?

• A.Cost/benefit analysis
• B.Cost/function analysis
• C.Value index
• D.Cost/worth analysis

Which is a fundamental question that Value Management is intended to address?

• A.Are we maximizing our investments at an affordable cost with a known and acceptable level of risk?
• B.Are we maximizing our investments at an affordable cost by removing risk?
• C.Are we maximizing our investments by focussing on minimizing costs?
• D.Are we maximizing our investments based on all stakeholder requirements?

What is the principal output from allocation to categories and the idea selection matrix?

• A.Plans to develop selected ideas into value improving proposals
• B.A list of rejected ideas
• C.A list of ideas or options that should be developed further
• D.Approved value improving proposals

Which method provides a good checklist for communication during an MoV study?

• A.Five Ws and an H
• B.Cost/Worth
• C.Brainstorming
• D.Function Analysis

Which is the main Study Output from the Start Up or Inception stage of a project?

• A.Functional definition of project
• B.Information to clarify a viable Brief
• C.Maximized value
• D.Information to improve the Business Case