Online Access Free EX0-006 Practice Test

When should MoV be embedded into an organization using a formal/top-down approach?

• A.The embedding of MoV is required throughout the investment decision.
• B.When organizations anticipate that their MoV needs will be minimal.
• C.When people engaged on other work wish to add MoV to their set of skills.
• D.When the scale of MoV applications become large and frequent.

When should an organization consider it necessary to fully embed MoV?

• A.The organization anticipates that their MoV needs will be minimal and external resource can be procured on an 'as-needed' basis
• B.The scale of MoV applications become large and frequent enough to justify an internal delivery capability
• C.MoV is running only on a project-by-project basis
• D.Senior Management ask to be convinced of the merits of MoV before committing to the process

What is the worth of a Function?

• A.Its relative importance
• B.The current cost of performing it
• C.The lowest cost at which it could be performed
• D.Its objective

How is cost benefit analysis applied during an MoV Study?

• A.It is used to establish discounted cash flow for Value Improving Proposals
• B.It is used to assess the Value Index
• C.In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection
• D.It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study

Which is one of the three main areas where it is necessary to strike a balance to maximise value?

• A.Meeting every stakeholder's initial expectations
• B.Controlling costs in line with programme and project objectives
• C.Identifying benefits in line with programme and project objectives
• D.Redistributing resources across different value drivers