PeopleCert MOVF Exam Practice Test Instant Access

Question 1

Which is one of the five portfolio management principles?

APortfolio definition

BMulti-criteria analysis

CPrioritize

DStrategy alignment

Answer : D

Question 2

Which is one stage in the approach to MoV implementation?

AUnderstand and articulate value

BTailor MoV activity to suit the subject

CFrame the programme or project

DApply MoV throughout the investment decision

Answer : A

Question 3

Which statement about a decision building meeting is true?

AIt should be chaired by the senior responsible owner.

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

CDecisions from the meeting should form the basis of the proposal implementation plan

DAttendees should be limited to the senior responsible person, project manager and project sponsor

Answer : C

Question 4

Which statement regarding Value Improving Proposals is FALSE?

AA Study can combine multiple Value Improving Proposals to form different scenarios

BA Study may generate multiple Value Improving Proposals with conflicting recommendations

COnly one Value Improving Proposal should be implemented per Study

DA Value Improving Proposal should be tested for sensitivity of estimated costs and benefits

Answer : C

Question 5

Which technique would you use to understand "business as usual"?

ABenchmarking

BWeighting techniques

CMoV health check

DProcess mapping

Answer : D

Question 6

When should the Delphi technique be used?

ATo get a range of expert opinions

BTo develop scenarios

CTo generate ideas

DTo build consensus

Answer : D

Question 7

How are Value Drivers used when creating a Value Tree?

AThe Value Tree is derived from the Value Profile after prioritising the Value Drivers

BValue Drivers describe the physical elements of the project in the Value Tree

CPrimary Value Drivers are linked to statements describing design considerations which in turn are linked to a statement of objectives

DValue Drivers are linked (as roots) to a statement of SMART objectives (the tree trunk)

Answer : D

PeopleCert MoV Foundation - Management of Value Exam Practice Test