EXIN EX0-006 Online Practice Questions and Exam Preparation

EXIN EX0-006 Online Questions & Answers

• Question 11:

  When should an organization consider it necessary to fully embed MoV?

  A. MoV is running only on a project-by-project basis
  B. The scale of MoV applications become large and frequent enough to justify an internal delivery capability
  C. The organization anticipates that their MoV needs will be minimal and external resource can be procured on an 'as-needed' basis
  D. Senior Management ask to be convinced of the merits of MoV before committing to the process
  B. The scale of MoV applications become large and frequent enough to justify an internal delivery capability

• Question 12:

  Which is NOT a recommended action in constructing an Option Evaluation Matrix?

  A. Select criteria
  B. Define scale of improvement required and sensitivity ranges
  C. Set targets
  D. Establish weights for relative importance
  C. Set targets

• Question 13:

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

• Question 14:

  What is the purpose of Function Analysis?

  A. To analyze what things do
  B. To analyze what things are
  C. To define how to produce things
  D. To define how much things cost to produce
  A. To analyze what things do

• Question 15:

  Which statement regarding a Value Improving Proposal is true?

  A. It provides information to feed into the MoV Policy
  B. It is an idea-generation technique
  C. It is based on detailed analysis of selected ideas or options
  D. It is developed before an Option Evaluation Matrix
  C. It is based on detailed analysis of selected ideas or options

• Question 16:

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

• Question 17:

  Which is a purpose of the MoV Project Plan?

  A. To provide a means of prioritizing stakeholders
  B. To provide information to aid decision-makers when deciding whether to authorize a project
  C. To describe the purpose of a series of MoV Studies throughout a project
  D. To test early models or prototypes before a design is fixed
  C. To describe the purpose of a series of MoV Studies throughout a project

• Question 18:

  Which is NOT a purpose of the Decision Building meeting when Developing Value Improving Proposals?

  A. To enable owners of Value Improving Proposals to present their suggestions to a panel of senior managers
  B. To discuss the findings of each Value Improving Proposal and agree whether or not it should be implemented in whole or in part
  C. To allocate an owner who is responsible for the implementation of each of the Value Improving Proposals selected
  D. To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits)
  D. To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits)

• Question 19:

  Which document, prepared during a MoV Study, includes developed recommendations for improving value in a project?

  A. MoV Implementation Strategy
  B. Value Improving Proposal
  C. MoV Project Plan
  D. MoV Policy
  B. Value Improving Proposal

• Question 20:

  Which technique would you use to understand "business as usual"?

  A. Benchmarking
  B. Weighting techniques
  C. MoV health check
  D. Process mapping
  D. Process mapping