Online Access Free MOVF Exam Questions

Who should undertake the assessment of value priorities when creating a value profile?

• A.The project team
• B.Functional experts
• C.The MoV Study Team
• D.Programme owners or Project Sponsors and End Users

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

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

Which is NOT a purpose of the Decision Building meeting when Developing Value Improving Proposals?

• A.To discuss the findings of each Value Improving Proposal and agree whether or not it should be implemented in whole or in part
• B.To allocate an owner who is responsible for the implementation of each of the Value Improving Proposals selected
• C.To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits)
• D.To enable owners of Value Improving Proposals to present their suggestions to a panel of senior managers

Which is NOT an area where it is necessary to strike a balance in order to maximize value?

• A.Balancing the overall benefits realized against the use of resources
• B.Reconciling the needs and views of different stakeholders
• C.Balancing the use of resources to reflect their availability and the organization's priorities
• D.Balancing capital and operating costs

Which statement about applying mind showering in MoV is true?

• A.Ensures that all ideas are made visible
• B.Uses the cost model as a guide to focus on idea generation
• C.Discourages foolish ideas
• D.Focuses on idea quality NOT quantity