PeopleCert MOVF Exam Practice Test Instant Access

Question 1

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 2

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 3

Which is a main method of Function Analysis?

AValue Improving Proposal

BValue Tree

CDiscounted Cash Flow

DBrainstorming

Answer : B

Question 4

Which statement regarding the steps in the Generic MoV Study Plan is true?

AThe final step should be to develop the Value Improving Proposals

BThe first step should be to define the MoV Study objectives

CThe Implementation Plan should be agreed before setting targets for benefits improvement

DThe Value Drivers should be prioritized before identifying the functions

Answer : B

Question 5

Which is a fundamental question that Value Management is intended to address?

AAre we maximizing our investments at an affordable cost by removing risk?

BAre we maximizing our investments by focussing on minimizing costs?

CAre we maximizing our investments at an affordable cost with a known and acceptable level of risk?

DAre we maximizing our investments based on all stakeholder requirements?

Answer : C

Question 6

What should reflect the value drivers in the value cascade?

ADesign solutions

BDesign Considerations

CProject goals

DValue Metrics

Answer : B

Question 7

Which is a reason why MoV should be applied throughout the Investment Decision?

ATo minimize the number of points where decisions need to be made

BTo ensure that information used to make a decision is used only in that decision

CTo maximize value in the face of evolving requirements

DTo ensure that reviews such as those conducted under the Gateway Review Process will be positive

Answer : C

PeopleCert MOVF MoV Foundation - Management of Value Exam Practice Test