EXIN EX0-006 Online Practice Questions and Exam Preparation

EXIN EX0-006 Online Questions & Answers

• Question 91:

  On a FAST diagram, where would you expect to find functions with the lowest level of abstraction?

  A. On the far right of the diagram
  B. On the far left of the diagram
  C. At the bottom of the diagram
  D. Anywhere - there is no relationship between level of abstraction and location on the diagram
  A. On the far right of the diagram

• Question 92:

  Which is true of MoV?

  A. It is better suited to the private rather than the public sector
  B. It is an informal approach to maximizing value
  C. Compliance with MoV processes is a good measure of added value
  D. Value Improving Proposal
  D. Value Improving Proposal

• Question 93:

  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
  A. 1, 2, 3

• Question 94:

  When would MoV NOT be of use?

  A. When determining the value of a decommissioned asset
  B. During the transition of an asset into the operational environment
  C. When an asset is in the operational environment
  D. During the delivery stage of a project
  A. When determining the value of a decommissioned asset

• Question 95:

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

  A. The final step should be to develop the Value Improving Proposals
  B. The first step should be to define the MoV Study objectives
  C. The Implementation Plan should be agreed before setting targets for benefits improvement
  D. The Value Drivers should be prioritized before identifying the functions
  B. The first step should be to define the MoV Study objectives

• Question 96:

  Which is NOT an area where it is necessary to strike a balance in order to maximize value?

  A. Reconciling the needs and views of different stakeholders
  B. Balancing capital and operating costs
  C. Balancing the use of resources to reflect their availability and the organization's priorities
  D. Balancing the overall benefits realized against the use of resources
  B. Balancing capital and operating costs

• Question 97:

  Which is part of the Information or Analysis phase of the Value Engineering Job Plan?

  A. Presenting recommendations for improving value
  B. Understanding the purpose of the Study
  C. Brainstorming ideas to improve value
  D. Developing Value Improving Proposals
  B. Understanding the purpose of the Study

• Question 98:

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

• Question 99:

  Why is it essential to manage value deliberately?

  A. Value is subjective and without a deliberate approach will NOT be fully realised
  B. Value can only be realized when focusing on minimizing cost
  C. Value can only be realized if there is a focus on needs rather than desires
  D. A consistent process, rigidly applied is essential to realize value
  A. Value is subjective and without a deliberate approach will NOT be fully realised