EXIN EX0-006 Online Practice Questions and Exam Preparation

EXIN EX0-006 Online Questions & Answers

• Question 1:

  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
  A. A diagram representing functions and their hierarchy

• Question 2:

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

• Question 3:

  What are potential options usually evaluated against?

  A. Value Drivers
  B. Value Improving Proposals
  C. MoV Study Handbook
  D. MoV Project Plan
  A. Value Drivers

• Question 4:

  How many phases does the MoV Value Engineering Job Plan contain?

  A. Six
  B. Ten
  C. Twelve
  D. Eight
  D. Eight

• Question 5:

  What should reflect the value drivers in the value cascade?

  A. Design solutions
  B. Design Considerations
  C. Project goals
  D. Value Metrics
  B. Design Considerations

• Question 6:

  Which would be undertaken in the Process Information process?

  A. Collating information gathered to date and documenting any analysis already conducted
  B. Meeting with key stakeholders to gain consensus on MoV Study objectives
  C. Deciding to implement part of a Value Improving Proposal
  D. Reviewing cost estimates to check for double counting
  A. Collating information gathered to date and documenting any analysis already conducted

• Question 7:

  Who prepares each Value Improving Proposal?

  A. The MoV Study Leader
  B. The Programme Owner, who assesses relevant value priorities during Value Profiling
  C. The Value Metric Owner
  D. The owner of the relevant idea or scenario allocated during the selection process
  D. The owner of the relevant idea or scenario allocated during the selection process

• Question 8:

  Which is a purpose of the Align with Organisational Objectives Principle?

  A. To minimize the risk that maximizing value within one project could diminish value across the wider programme
  B. To ensure that evolving requirements are considered throughout the project
  C. To take up lessons learned from previous experience in order to avoid repetition of past mistakes
  D. To ensure that there is adequate governance in place to support and deliver MoV
  A. To minimize the risk that maximizing value within one project could diminish value across the wider programme

• Question 9:

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

• Question 10:

  Which statement regarding prioritizing value is true?

  A. A project can be successful even if it delivers only the Value Drivers classed as critical
  B. Prioritizing value should be based only on financial Value Drivers
  C. Value Drivers will normally be allocated different levels of importance
  D. Prioritizing value should be carried out with members of the project team rather than the project's end users
  C. Value Drivers will normally be allocated different levels of importance