EXIN EX0-006 Dumps in PDF and Online - Page: 1

QUESTION: 1

Which statement about implementing a Value Improving Proposal is FALSE?

The Proposal Implementation Plan provides the project managers with details of the expected value improvements (or benefits)
Communication flowing from collaborative feedback enhances the effectiveness of MoV and helps build an appropriate culture
The Proposal Implementation Plan enables project managers to monitor and manage the implementation process
The Proposal Owners are NOT responsible for ensuring that their proposals are implemented

Answer(s): D

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QUESTION: 2

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

Brainstorming
Five Ws and an H
Function Analysis
Cost/Worth

Answer(s): B

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QUESTION: 3

Which is an MoV Principle?

Understand and articulate value
Process information
Focus on functions and required outcomes
Prioritize value

Answer(s): C

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QUESTION: 4

Which statement about MoV is true?

It supports decision-making based on minimizing value for money
It encourages innovation outside of an organization's goals
It facilitates optimal balance between investment and long-term operating expenditure
It removes resources from consideration when reviewing organizational needs

Answer(s): C

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QUESTION: 5

How is cost benefit analysis applied during an MoV Study?

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

Answer(s): A

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QUESTION: 6

What are potential options usually evaluated against?

Value Drivers
Value Improving Proposals
MoV Study Handbook
MoV Project Plan

Answer(s): A

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QUESTION: 7

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

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

Answer(s): B

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QUESTION: 8

Which is true of MoV?

It is better suited to the private rather than the public sector
It is an informal approach to maximizing value
Compliance with MoV processes is a good measure of added value
Value Improving Proposal

Answer(s): D

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EXIN Management of Value Foundation Exam EX0-006 Dumps in PDF

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