PeopleCert MOVF Exam Practice Test Instant Access

Question 1

Which describes the brainstorming technique?

AIt generates ideas of variable merit for value improving proposals

BIt eliminates foolish ideas during creative thinking

CIt eliminates bias when evaluating ideas

DIt is used after mind showering to generate fresh ideas for value improving proposals

Answer : A

Question 2

Which statement about the application of the 7 MoV process stages is true?

AAll MoV process stages must be adopted for any MoV Study if it is to be fully effective

BThe Gather Information process only needs to be undertaken for the first MoV Study in a project

CSome processes will be used at many stages, others only in specific stages

DLessons learned MoV studies should only be undertaken at the completion of a project

Answer : C

Question 3

Which document, prepared during a MoV Study, includes developed recommendations for improving value in a project?

AMoV Implementation Strategy

BValue Improving Proposal

CMoV Project Plan

DMoV Policy

Answer : B

Question 4

What does the Function Analysis Systems Technique produce?

AA diagram representing functions and their hierarchy

BA detailed proposal to improve value

CA diagram showing information flows and responsibilities

DAn analysis of current equivalent values of future cash flows

Answer : A

Question 5

Which is NOT a factor to consider when tailoring MoV for a project?

ATotal cost

BAvailability of staff

CNumber of business units affected

DSimilarity to other projects already undertaken in the organization

Answer : B

Question 6

In which situation should caution be used in deciding whether to apply MoV?

AIT projects

BProducts and services with a high value score

CPolicy-making

DLobbying for support

Answer : B

Question 7

Which is a correct distinction between Value Engineering and Value Analysis?

AValue Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products

BValue Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes

CValue Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets

DValue Analysis and Value Engineering, while similar, differ in that they employ different process steps

Answer : A

PeopleCert MoV Foundation - Management of Value Exam Practice Test

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