EXIN EXIN Certifications MOVF Questions & Answers

• Question 11:

  Which is part of the Follow-up phase of the Value Engineering Job Plan?

  A. Presenting recommendations for improving value

  B. Monitoring progress of the implementation plan

  C. Agreeing the implementation plan

  D. Developing Value Improving Proposals

  Correct Answer: B

• Question 12:

  Which statement regarding Value Improving Proposals is FALSE?

  A. A Study can combine multiple Value Improving Proposals to form different scenarios

  B. A Study may generate multiple Value Improving Proposals with conflicting recommendations

  C. Only one Value Improving Proposal should be implemented per Study

  D. A Value Improving Proposal should be tested for sensitivity of estimated costs and benefits

  Correct Answer: C

• Question 13:

  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

  Correct Answer: A

• Question 14:

  Which describes the brainstorming technique?

  A. It generates ideas of variable merit for value improving proposals

  B. It eliminates foolish ideas during creative thinking

  C. It eliminates bias when evaluating ideas

  D. It is used after mind showering to generate fresh ideas for value improving proposals

  Correct Answer: A

• Question 15:

  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

  Correct Answer: C

• Question 16:

  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

  Correct Answer: B

• Question 17:

  What does the Function Analysis Systems Technique produce?

  A. A diagram representing functions and their hierarchy

  B. A detailed proposal to improve value

  C. A diagram showing information flows and responsibilities

  D. An analysis of current equivalent values of future cash flows

  Correct Answer: A

• Question 18:

  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

  Correct Answer: B

• Question 19:

  Which is a purpose of the Align with Organisational Objectives Principle?

  A. To minimize the risk that maximizing value within one project could diminish value across the wider programme

  B. To ensure that evolving requirements are considered throughout the project

  C. To take up lessons learned from previous experience in order to avoid repetition of past mistakes

  D. To ensure that there is adequate governance in place to support and deliver MoV

  Correct Answer: A

• Question 20:

  In order to understand an organization's culture, which would be MOST HELPFUL for a MoV Study Leader to understand?

  A. The organization's Value Profile

  B. What the organization does

  C. The organization's jargon

  D. The organization's business priorities

  Correct Answer: A