PeopleCert MOVF Exam Questions Instant Access

Question 1

Which is a valid criterion for assessing the return on investment of an MoV Study?

ACompleted on time

BDelivers a reduction on cost

CMoV processes being followed

DCompleted within budget

Answer : B

Question 2

Which is part of the Information or Analysis phase of the Value Engineering Job Plan?

APresenting recommendations for improving value

BUnderstanding the purpose of the Study

CBrainstorming ideas to improve value

DDeveloping Value Improving Proposals

Answer : B

Question 3

In order to understand an organization's culture, which would be MOST HELPFUL for a MoV Study Leader to understand?

AThe organization's Value Profile

BWhat the organization does

CThe organization's jargon

DThe organization's business priorities

Answer : A

Question 4

Which would be undertaken in the Process Information process?

ACollating information gathered to date and documenting any analysis already conducted

BMeeting with key stakeholders to gain consensus on MoV Study objectives

CDeciding to implement part of a Value Improving Proposal

DReviewing cost estimates to check for double counting

Answer : A

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

Which statement regarding the MoV processes is true?

AAll processes will be used at all stages in a project lifecycle

BMoV activities change as a project evolves from inception to use

CThey are only applicable to project environments

DThey are most applicable at the inception stage of a project

Answer : B

Question 7

Which is an MoV Principle?

AUnderstand and articulate value

BProcess information

CFocus on functions and required outcomes

DPrioritize value

Answer : C

PeopleCert MoV Foundation - Management of Value MOVF Exam Questions