Which is the first phase in the Value Engineering Job Plan?
A. Evaluation
B. Information
C. Creative
D. Development
Value mismatches are identified in which phase of the Value Engineering Job Plan?
A. Creativity
B. Value Definition
C. Analysis
D. Development
Which would you NOT expect to see in a Proposal Implementation Plan?
A. A list of proposal owners
B. The timescale for the inclusion of proposals
C. A mechanism for review should progress fall below expectations
D. A risk and sensitivity analysis of proposals
Which is a reason for conducting a health check?
A. Review the status of MoV in an organization where MoV activities could be improved
B. Select value-improving proposals for implementation
C. Develop an Option Evaluation Matrix
D. Identify MoV study leaders
Which technique would you use to understand "business as usual"?
A. Benchmarking
B. Weighting techniques
C. MoV health check
D. Process mapping
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
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
Which statement about applying mind showering in MoV is true?
A. Uses the cost model as a guide to focus on idea generation
B. Discourages foolish ideas
C. Focuses on idea quality NOT quantity
D. Ensures that all ideas are made visible
Which is a true statement describing the brainstorming technique?
A. Generates a large volume of ideas in a short timeframe
B. Focuses on eliminating ideas which may be unsuitable
C. Analyses in detail a small number of options
D. Enables team members to raise ideas anonymously
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
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