Online Access Free MOVF Practice Test

Which is a purpose of the Align with Organisational Objectives Principle?

• A.To take up lessons learned from previous experience in order to avoid repetition of past mistakes
• B.To ensure that there is adequate governance in place to support and deliver MoV
• C.To ensure that evolving requirements are considered throughout the project
• D.To minimize the risk that maximizing value within one project could diminish value across the wider programme

Which is a benefit of the MoV Study Leader reporting to the Programme Manager?

• A.It replaces the need to involve the Project Sponsor in MoV Studies who may be busy
• B.It eliminates the need for regular meetings of the Senior MoV Practitioner and Study Leaders
• C.It enables the Programme Manager to report to the Senior MoV Practitioner and MoV Board on lessons learned
• D.It enables the Programme Manager to pass valuable lessons learned during one project on to other projects

How many phases does the MoV Value Engineering Job Plan contain?

• A.Twelve
• B.Six
• C.Eight
• D.Ten

Which statement about applying MoV during the investment decision is true?

• A.When starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case
• B.The focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached
• C.The focus of effort under MoV throughout the lifecycle of an investment decision should be fixed from the start so that value can be measured consistently at each stage
• D.MoV studies should be conducted at all key decision points to check decision making

Which statement regarding Value Improving Proposals is FALSE?

• A.A Study can combine multiple Value Improving Proposals to form different scenarios
• B.A Study may generate multiple Value Improving Proposals with conflicting recommendations
• C.A Value Improving Proposal should be tested for sensitivity of estimated costs and benefits
• D.Only one Value Improving Proposal should be implemented per Study