PeopleCert MOVF Exam Practice Test Instant Access

Question 1

What is the principal output from allocation to categories and the idea selection matrix?

AA list of rejected ideas

BA list of ideas or options that should be developed further

CPlans to develop selected ideas into value improving proposals

DApproved value improving proposals

Answer : B

Question 2

How is cost benefit analysis applied during an MoV Study?

AIn Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection

BIt creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study

CIt is used to establish discounted cash flow for Value Improving Proposals

DIt is used to assess the Value Index

Answer : A

Question 3

Which would NOT be used to estimate the operating and running costs for a new IT system?

AThe operating costs of a similar IT implementation

BThe current daily rate of specialist skills required to operate the system

CAn estimate of how many staff would be required to run the new system

DThe total expenditure on MoV Studies

Answer : D

Question 4

Which is an MoV Principle?

AUnderstand and articulate value

BProcess information

CFocus on functions and required outcomes

DPrioritize value

Answer : C

Question 5

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 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

Which is a requirement for embedding MoV in an organization?

AA separate level of management which is set up to focus on MoV activities

BSupport from senior managers

CA Senior MoV Practitioner who is part of the MoV Board

DAn MoV Study Leader who is appointed as part of each project team

Answer : B

PeopleCert MoV Foundation - Management of Value MOVF Exam Practice Test