EXIN MoV EX0-006 Questions & Answers

• Question 41:

  Value mismatches are identified in which phase of the Value Engineering Job Plan?

  A. Creativity

  B. Value Definition

  C. Analysis

  D. Development

  Correct Answer: C

• Question 42:

  Which is the main Study Output from the Start Up or Inception stage of a project?

  A. Information to clarify a viable Brief

  B. Functional definition of project

  C. Information to improve the Business Case

  D. Maximized value

  Correct Answer: C

• Question 43:

  Which of the following cost types would be considered in calculating discounted cash flow?

  1.

  Capital or one off costs

  2.

  Periodic maintenance costs

  3.

  Regular operational costs

  4.

  Opportunity costs

  A. 1,2,3

  B. 1,2,4

  C. 1,3,4

  D. 2,3,4

  Correct Answer: A

• Question 44:

  During which MoV process would Stakeholder Analysis first be undertaken?

  A. Analyze Information

  B. Develop Value Improving Proposals

  C. Evaluate and Select

  D. Frame the Programme or Project

  Correct Answer: D

• Question 45:

  Which should determine the focus for a creativity session?

  A. Cost analysis

  B. Function cost analysis

  C. Individuals should be free and encouraged to determine their own focus

  D. Inadequate performance

  Correct Answer: B

• Question 46:

  Which is one of the three main areas where it is necessary to strike a balance to maximise value?

  A. Controlling costs in line with programme and project objectives

  B. Identifying benefits in line with programme and project objectives

  C. Meeting every stakeholder's initial expectations

  D. Redistributing resources across different value drivers

  Correct Answer: D

• Question 47:

  Which describes the brainstorming technique?

  A. It generates ideas of variable merit for value improving proposals

  B. It eliminates foolish ideas during creative thinking

  C. It eliminates bias when evaluating ideas

  D. It is used after mind showering to generate fresh ideas for value improving proposals

  Correct Answer: A

• Question 48:

  Which would normally be recorded in the Study Scope?

  A. Any restrictions placed on the Study

  B. A summary of outcomes

  C. The method by which ideas are ranked

  D. Value Profiles and FAST diagrams

  Correct Answer: A

• Question 49:

  Which statement regarding Value Improving Proposals is FALSE?

  A. A Study can combine multiple Value Improving Proposals to form different scenarios

  B. A Study may generate multiple Value Improving Proposals with conflicting recommendations

  C. Only one Value Improving Proposal should be implemented per Study

  D. A Value Improving Proposal should be tested for sensitivity of estimated costs and benefits

  Correct Answer: C

• Question 50:

  Which statement regarding the Function Analysis Systems Technique is true?

  A. Functions should describe the features of a product rather than what it does

  B. A Primary Basic Function consists of one or more Higher Order Functions

  C. A Primary Basic Function consists of one or more Primary Supporting Functions

  D. Moving from the Higher Order Function to the Primary Basic Function answers the question "How do we do this?"

  Correct Answer: D