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Management of Value Foundation Exam

Exam Details

  • Exam Code
    :EX0-006
  • Exam Name
    :Management of Value Foundation Exam
  • Certification
    :MoV
  • Vendor
    :EXIN
  • Total Questions
    :99 Q&As
  • Last Updated
    :

EXIN MoV EX0-006 Questions & Answers

  • Question 1:

    Which is the first phase in the Value Engineering Job Plan?

    A. Evaluation

    B. Information

    C. Creative

    D. Development

  • Question 2:

    Which is a key component of the Evaluate and Select process?

    A. Initial briefing meeting

    B. Team selection

    C. Resource analysis

    D. Idea selection

  • Question 3:

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

    A. A list of rejected ideas

    B. A list of ideas or options that should be developed further

    C. Plans to develop selected ideas into value improving proposals

    D. Approved value improving proposals

  • Question 4:

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

    A. Are we maximizing our investments at an affordable cost by removing risk?

    B. Are we maximizing our investments by focussing on minimizing costs?

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

    D. Are we maximizing our investments based on all stakeholder requirements?

  • Question 5:

    Which is a true statement describing the brainstorming technique?

    A. Generates a large volume of ideas in a short timeframe

    B. Focuses on eliminating ideas which may be unsuitable

    C. Analyses in detail a small number of options

    D. Enables team members to raise ideas anonymously

  • Question 6:

    What is obligatory in MoV?

    A. Seven principles which are obligatory for good practice

    B. Eight main groups of processes which are described in detail

    C. One core requirement to embed MoV across the organisation

    D. Two function analysis techniques which must be applied

  • Question 7:

    Which is a reason for conducting a health check?

    A. Review the status of MoV in an organization where MoV activities could be improved

    B. Select value-improving proposals for implementation

    C. Develop an Option Evaluation Matrix

    D. Identify MoV study leaders

  • Question 8:

    What does the Function Analysis Systems Technique produce?

    A. A diagram representing functions and their hierarchy

    B. A detailed proposal to improve value

    C. A diagram showing information flows and responsibilities

    D. An analysis of current equivalent values of future cash flows

  • Question 9:

    Which is an alternative term for Value Engineering?

    A. Value Score

    B. Value Profile

    C. Value Driver

    D. Value Analysis

  • Question 10:

    Which is MOST APPROPRIATE when estimating costs where the scope is uncertain?

    A. Wait until the scope is certain and then estimate

    B. Estimate only those areas where the scope is certain

    C. Start with an initial best guess estimate and update it as more information becomes known

    D. Develop a cost model and refine the scope to meet the cost model

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