EXIN MoV EX0-006 Questions & Answers

• Question 31:

  Why should MoV align with an organisation's objectives?

  A. To minimise the costs of delivering the project

  B. To maximise benefits arising from the project

  C. To meet stakeholder expectations

  D. To avoid maximising value within one project that could diminish value across the wider programme

  Correct Answer: D

• Question 32:

  How are Value Drivers used when creating a Value Tree?

  A. The Value Tree is derived from the Value Profile after prioritising the Value Drivers

  B. Value Drivers describe the physical elements of the project in the Value Tree

  C. Primary Value Drivers are linked to statements describing design considerations which in turn are linked to a statement of objectives

  D. Value Drivers are linked (as roots) to a statement of SMART objectives (the tree trunk)

  Correct Answer: D

• Question 33:

  When should the Delphi technique be used?

  A. To get a range of expert opinions

  B. To develop scenarios

  C. To generate ideas

  D. To build consensus

  Correct Answer: D

• Question 34:

  Who should be responsible for developing a value-improving proposal?

  A. The MoV team as a whole

  B. The most relevant functional manager

  C. The allocated owner of the value improving proposal

  D. A technical expert nominated by the allocated owner

  Correct Answer: C

• Question 35:

  Which describes the range of return on investment that has been demonstrated by US Government departments as a result of the application of MoV approaches?

  A. Less than 10 to 1

  B. Less than 20 to 1

  C. Less than 30 to 1

  D. More than 30 to 1

  Correct Answer: D

• Question 36:

  Which statement about a decision building meeting is true?

  A. It should be chaired by the senior responsible owner.

  B. The owner, responsible for implementation, has already been determined by the MoV team before the meeting.

  C. Decisions from the meeting should form the basis of the proposal implementation plan

  D. Attendees should be limited to the senior responsible person, project manager and project sponsor

  Correct Answer: C

• Question 37:

  Which is one stage in the approach to MoV implementation?

  A. Understand and articulate value

  B. Tailor MoV activity to suit the subject

  C. Frame the programme or project

  D. Apply MoV throughout the investment decision

  Correct Answer: A

• Question 38:

  Which three criteria explain why the MoV individual competence model is useful to an organisation? 1.To assess an individual's capabilities and the type of MoV study for which they are suited. 2.To recognise that a fully but recently qualified practitioner will lack the experience to undertake studies

  on particularly complex projects.

  3.To enable recently qualified practitioners to learn to undertake MoV where human and cultural factors

  may be significant.

  4.To allow recently qualified practitioners to undertake studies on particularly complex projects.

  A. 1, 2, 3

  B. 1,2,4

  C. 1,3,4

  D. 2,3,4

  Correct Answer: A

• Question 39:

  Which statement regarding the delivery of value is true?

  A. Benefits management focuses on maximizing benefits

  B. If used, benefits management should be unrelated to the outputs of a MoV Study

  C. Rewards linked to achievement of value improvements may be used to motivate staff in MoV

  D. A formal benefits management process must be used to monitor value improvements

  Correct Answer: C

• Question 40:

  Which is NOT a reason why it becomes more difficult to implement changes identified by a MoV Study as a project progresses?

  A. Sunk costs increase as a project progresses

  B. Project team members gain increased ownership of their work

  C. Resistance to change increases

  D. Project objectives are less clear

  Correct Answer: D