EXIN EX0-006 Online Practice Questions and Exam Preparation

EXIN EX0-006 Online Questions & Answers

• Question 61:

  Which statement regarding the MoV processes is true?

  A. All processes will be used at all stages in a project lifecycle
  B. MoV activities change as a project evolves from inception to use
  C. They are only applicable to project environments
  D. They are most applicable at the inception stage of a project
  B. MoV activities change as a project evolves from inception to use

• Question 62:

  Which would normally be recorded in the Study Scope?

  A. Any restrictions placed on the Study
  B. A summary of outcomes
  C. The method by which ideas are ranked
  D. Value Profiles and FAST diagrams
  A. Any restrictions placed on the Study

• Question 63:

  How is cost benefit analysis applied during an MoV Study?

  A. In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection
  B. It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study
  C. It is used to establish discounted cash flow for Value Improving Proposals
  D. It is used to assess the Value Index
  A. In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection

• Question 64:

  Which is one of the three main areas where it is necessary to strike a balance to maximise value?

  A. Controlling costs in line with programme and project objectives
  B. Identifying benefits in line with programme and project objectives
  C. Meeting every stakeholder's initial expectations
  D. Redistributing resources across different value drivers
  D. Redistributing resources across different value drivers

• Question 65:

  Which describes the range of return on investment that has been demonstrated by US Government departments as a result of the application of MoV approaches?

  A. Less than 10 to 1
  B. Less than 20 to 1
  C. Less than 30 to 1
  D. More than 30 to 1
  D. More than 30 to 1

• Question 66:

  When formulating MoV Study Plans, which proposition is true?

  A. Environmental influences present inherent conflicts which can be reconciled through MoV
  B. Legal requirements rarely affect perceptions of value
  C. Technology developments are uncertain and so the possible impact on value is unknown
  D. It is unnecessary to understand what other organizations are doing
  A. Environmental influences present inherent conflicts which can be reconciled through MoV

• Question 67:

  Which would NOT be used to estimate the operating and running costs for a new IT system?

  A. The operating costs of a similar IT implementation
  B. The current daily rate of specialist skills required to operate the system
  C. An estimate of how many staff would be required to run the new system
  D. The total expenditure on MoV Studies
  D. The total expenditure on MoV Studies

• Question 68:

  What is the first step in the MoV Project Plan?

  A. Gather and analyze information
  B. Prioritize Value Drivers and develop Value Profile
  C. Identify the processes to be used
  D. Define the study objectives
  D. Define the study objectives

• Question 69:

  Which technique is MOST EFFECTIVE in stimulating innovation?

  A. Apply Brainstorming through freewheeling discussion to trigger ideas in people's minds and then record the best ideas
  B. Apply Brainstorming using the Function Analysis model as a guide to focus creative thinking
  C. Use creative thinking to evaluate each idea as it is identified, reject the unsuitable ideas and maximize the innovative ones
  D. Maintain live and visible records which assess the financial impact of each idea identified to maintain focus on innovative ideas
  B. Apply Brainstorming using the Function Analysis model as a guide to focus creative thinking

• Question 70:

  Which should determine the focus for a creativity session?

  A. Cost analysis
  B. Function cost analysis
  C. Individuals should be free and encouraged to determine their own focus
  D. Inadequate performance
  B. Function cost analysis