PeopleCert MOVF Exam Questions Instant Access

Question 1

Which statement regarding prioritizing value is true?

AA project can be successful even if it delivers only the Value Drivers classed as critical

BPrioritizing value should be based only on financial Value Drivers

CValue Drivers will normally be allocated different levels of importance

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

Answer : C

Question 2

Which is a true statement about the Value Index?

AIt is a measure of how well the project, in its current state of development, satisfies the project objectives

BIt measures value for money

CIt is based on non-financial criteria

DIt should only be changed if business needs change

Answer : A

Question 3

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

ABrainstorming

BFive Ws and an H

CFunction Analysis

DCost/Worth

Answer : B

Question 4

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 5

What is the purpose of Function Analysis?

ATo analyze what things do

BTo analyze what things are

CTo define how to produce things

DTo define how much things cost to produce

Answer : A

Question 6

When formulating MoV Study Plans, which proposition is true?

AEnvironmental influences present inherent conflicts which can be reconciled through MoV

BLegal requirements rarely affect perceptions of value

CTechnology developments are uncertain and so the possible impact on value is unknown

DIt is unnecessary to understand what other organizations are doing

Answer : A

Question 7

How many phases does the MoV Value Engineering Job Plan contain?

ASix

BTen

CTwelve

DEight

Answer : D

PeopleCert MoV Foundation - Management of Value MOVF Exam Questions