EXIN EX0-006 Online Practice Questions and Exam Preparation

EXIN EX0-006 Online Questions & Answers

• Question 21:

  Which is a key component of the Evaluate and Select process?

  A. Initial briefing meeting
  B. Team selection
  C. Resource analysis
  D. Idea selection
  D. Idea selection

• Question 22:

  Which statement about applying MoV during the investment decision is true?

  A. The focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached
  B. MoV studies should be conducted at all key decision points to check decision making
  C. When starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case
  D. The focus of effort under MoV throughout the lifecycle of an investment decision should be fixed from the start so that value can be measured consistently at each stage
  C. When starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case

• Question 23:

  Which is a MoV process?

  A. Learn from experience and improve
  B. Tailor MoV activity to suit the subject
  C. Frame the programme or project
  D. Focus on functions and required outcomes
  C. Frame the programme or project

• Question 24:

  Which is NOT a factor to consider when tailoring MoV for a project?

  A. Total cost
  B. Availability of staff
  C. Number of business units affected
  D. Similarity to other projects already undertaken in the organization
  B. Availability of staff

• Question 25:

  Which is the main reason that an MoV Project Plan needs to be reviewed when the Business Case changes?

  A. To maintain business profitability
  B. To ensure that the choice of team members is still appropriate
  C. To ensure selected tools and techniques are still appropriate
  D. To ensure that the Value Profile reflects the changed needs of the business
  D. To ensure that the Value Profile reflects the changed needs of the business

• Question 26:

  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
  D. Frame the Programme or Project

• Question 27:

  Which is an MoV Principle?

  A. Understand and articulate value
  B. Process information
  C. Focus on functions and required outcomes
  D. Prioritize value
  C. Focus on functions and required outcomes

• Question 28:

  Which statement about the application of the 7 MoV process stages is true?

  A. All MoV process stages must be adopted for any MoV Study if it is to be fully effective
  B. The Gather Information process only needs to be undertaken for the first MoV Study in a project
  C. Some processes will be used at many stages, others only in specific stages
  D. Lessons learned MoV studies should only be undertaken at the completion of a project
  C. Some processes will be used at many stages, others only in specific stages

• Question 29:

  Which statement about implementing a Value Improving Proposal is FALSE?

  A. The Proposal Implementation Plan provides the project managers with details of the expected value improvements (or benefits)
  B. Communication flowing from collaborative feedback enhances the effectiveness of MoV and helps build an appropriate culture
  C. The Proposal Implementation Plan enables project managers to monitor and manage the implementation process
  D. The Proposal Owners are NOT responsible for ensuring that their proposals are implemented
  D. The Proposal Owners are NOT responsible for ensuring that their proposals are implemented

• Question 30:

  Which is a correct distinction between Value Engineering and Value Analysis?

  A. Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products
  B. Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes
  C. Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets
  D. Value Analysis and Value Engineering, while similar, differ in that they employ different process steps
  A. Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products