PeopleCert MOVF Exam Questions Instant Access

Question 1

Who should undertake the assessment of value priorities when creating a value profile?

AThe project team

BProgramme owners or Project Sponsors and End Users

CThe MoV Study Team

DFunctional experts

Answer : B

Question 2

Which is a main method of Function Analysis?

AValue Improving Proposal

BValue Tree

CDiscounted Cash Flow

DBrainstorming

Answer : B

Question 3

Which is NOT a recommended action in constructing an Option Evaluation Matrix?

ASelect criteria

BDefine scale of improvement required and sensitivity ranges

CSet targets

DEstablish weights for relative importance

Answer : C

Question 4

Why may cost benefit analysis (CBA) be applied when developing a Value Improving Proposal (VIP)?

AIt compares the initial magnitude of cost of an MoV Study with the long term benefits it will deliver

BAll new policies, programmes and projects should be subject to comprehensive but proportionate assessment

CIt is used in conjunction with discounted cash flow to ensure that the lowest cost VIP is always selected

DIt assesses the benefits of implementing a proposal against the risk that the VIP may fail

Answer : B

Question 5

Which is NOT a reason why it becomes more difficult to implement changes identified by a MoV Study as a project progresses?

ASunk costs increase as a project progresses

BProject team members gain increased ownership of their work

CResistance to change increases

DProject objectives are less clear

Answer : D

Question 6

Which is the main Study Output from the Start Up or Inception stage of a project?

AInformation to clarify a viable Brief

BFunctional definition of project

CInformation to improve the Business Case

DMaximized value

Answer : C

Question 7

What are the key activities involved in the Processing Information stage?

APreparation, facilitation, creativity and innovation

BAnalysis, creativity and innovation, and evaluation and selection

CPreparation, target-setting, facilitation, and creativity and innovation

DSelection of team, preparation of Study Handbook, analysis of data, creativity and Innovation

Answer : A

PeopleCert MoV Foundation - Management of Value MOVF Exam Questions