EXIN EX0-006 Online Practice Questions and Exam Preparation

EXIN EX0-006 Online Questions & Answers

• Question 41:

  Which is a fundamental question that Value Management is intended to address?

  A. Are we maximizing our investments at an affordable cost by removing risk?
  B. Are we maximizing our investments by focussing on minimizing costs?
  C. Are we maximizing our investments at an affordable cost with a known and acceptable level of risk?
  D. Are we maximizing our investments based on all stakeholder requirements?
  C. Are we maximizing our investments at an affordable cost with a known and acceptable level of risk?

• Question 42:

  Who should be responsible for developing a value-improving proposal?

  A. The MoV team as a whole
  B. The most relevant functional manager
  C. The allocated owner of the value improving proposal
  D. A technical expert nominated by the allocated owner
  C. The allocated owner of the value improving proposal

• Question 43:

  Which describes a purpose of the MoV Study Handbook?

  A. It allows Senior Managers to objectively review proposals to determine which should be
  B. implemented
  C. It ensures that the Study Team are all working from the same level of information
  D. It assigns Proposal Owners to all development proposals
  E. It helps to ensure that the requirements of the Project Sponsors and end users are aligned
  B. implemented

• Question 44:

  Why may cost benefit analysis (CBA) be applied when developing a Value Improving Proposal (VIP)?

  A. It compares the initial magnitude of cost of an MoV Study with the long term benefits it will deliver
  B. All new policies, programmes and projects should be subject to comprehensive but proportionate assessment
  C. It is used in conjunction with discounted cash flow to ensure that the lowest cost VIP is always selected
  D. It assesses the benefits of implementing a proposal against the risk that the VIP may fail
  B. All new policies, programmes and projects should be subject to comprehensive but proportionate assessment

• Question 45:

  Which is NOT required for a top-down approach to introducing MoV to an organization?

  A. Providing guidance on how MoV will be used on projects
  B. Setting up a strategy for implementing MoV Policy
  C. Establishing an internal resource skilled in the application of MoV
  D. Developing procedures for data capture and feedback
  C. Establishing an internal resource skilled in the application of MoV

• Question 46:

  Which is a main method of Function Analysis?

  A. Value Improving Proposal
  B. Value Tree
  C. Discounted Cash Flow
  D. Brainstorming
  B. Value Tree

• Question 47:

  In which situation should caution be used in deciding whether to apply MoV?

  A. IT projects
  B. Products and services with a high value score
  C. Policy-making
  D. Lobbying for support
  B. Products and services with a high value score

• Question 48:

  Which statement about MoV is true?

  A. It supports decision-making based on minimizing value for money
  B. It encourages innovation outside of an organization's goals
  C. It facilitates optimal balance between investment and long-term operating expenditure
  D. It removes resources from consideration when reviewing organizational needs
  C. It facilitates optimal balance between investment and long-term operating expenditure

• Question 49:

  Why should MoV align with an organisation's objectives?

  A. To minimise the costs of delivering the project
  B. To maximise benefits arising from the project
  C. To meet stakeholder expectations
  D. To avoid maximising value within one project that could diminish value across the wider programme
  D. To avoid maximising value within one project that could diminish value across the wider programme

• Question 50:

  Which MoV document contains a detailed evaluation of options for value improvement?

  A. MoV Project Plan
  B. Value Improving Proposal
  C. MoV Study Handbook
  D. MoV Progress Report
  B. Value Improving Proposal