EXIN Management of Value® Foundation - MOVF Exam Practice Test

A. 2,3, 4

B. 1, 2, 4

C. 1, 2, 3

D. 1, 3, 4

A. The Proposal Implementation Plan enables project managers to monitor and manage the implementation process

B. Communication flowing from collaborative feedback enhances the effectiveness of MoV and helps build an appropriate culture

C. The Proposal Owners are NOT responsible for ensuring that their proposals are implemented

D. The Proposal Implementation Plan provides the project managers with details of the expected value improvements (or benefits)

A. Its relative importance

B. The current cost of performing it

C. Its objective

D. The lowest cost at which it could be performed

A. Focus on functions and required outcomes

B. Tailor MoV activity to suit the subject

C. Learn from experience and improve

D. Frame the programme or project

A. Attendees should be limited to the senior responsible person, project manager and project sponsor

B. The owner, responsible for implementation, has already been determined by the MoV team before the meeting.

C. It should be chaired by the senior responsible owner.

D. Decisions from the meeting should form the basis of the proposal implementation plan

A. Generates a large volume of ideas in a short timeframe

B. Focuses on eliminating ideas which may be unsuitable

C. Enables team members to raise ideas anonymously

D. Analyses in detail a small number of options

A. Cost/worth analysis

B. Value index

C. Cost/benefit analysis

D. Cost/function analysis

A. Value Drivers will normally be allocated different levels of importance

B. A project can be successful even if it delivers only the Value Drivers classed as critical

C. Prioritizing value should be based only on financial Value Drivers

D. Prioritizing value should be carried out with members of the project team rather than the project's end users

A. Benchmarking

B. Weighting techniques

C. Process mapping

D. MoV health check

A. On the far left of the diagram

B. Anywhere - there is no relationship between level of abstraction and location on the diagram

C. At the bottom of the diagram

D. On the far right of the diagram