EXIN EXIN Certifications MOVF Questions & Answers

• Question 51:

  Which technique focuses on underlying issues, rather than solving specific problems?

  A. Root Cause Analysis

  B. Soft Systems Methodology

  C. Value Profiling

  D. Cost Function Analysis

  Correct Answer: A

• Question 52:

  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

  Correct Answer: B

• Question 53:

  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

  Correct Answer: B

• Question 54:

  Which is a purpose of the MoV Project Plan?

  A. To provide a means of prioritizing stakeholders

  B. To provide information to aid decision-makers when deciding whether to authorize a project

  C. To describe the purpose of a series of MoV Studies throughout a project

  D. To test early models or prototypes before a design is fixed

  Correct Answer: C

• Question 55:

  Which is NOT a purpose of the Decision Building meeting when Developing Value Improving Proposals?

  A. To enable owners of Value Improving Proposals to present their suggestions to a panel of senior managers

  B. To discuss the findings of each Value Improving Proposal and agree whether or not it should be implemented in whole or in part

  C. To allocate an owner who is responsible for the implementation of each of the Value Improving Proposals selected

  D. To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits)

  Correct Answer: D

• Question 56:

  Which statement regarding prioritizing value is true?

  A. A project can be successful even if it delivers only the Value Drivers classed as critical

  B. Prioritizing value should be based only on financial Value Drivers

  C. Value Drivers will normally be allocated different levels of importance

  D. Prioritizing value should be carried out with members of the project team rather than the project's end users

  Correct Answer: C

• Question 57:

  Which is a requirement for embedding MoV in an organization?

  A. A separate level of management which is set up to focus on MoV activities

  B. Support from senior managers

  C. A Senior MoV Practitioner who is part of the MoV Board

  D. An MoV Study Leader who is appointed as part of each project team

  Correct Answer: B

• Question 58:

  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

  Correct Answer: D

• Question 59:

  Which would be undertaken in the Process Information process?

  A. Collating information gathered to date and documenting any analysis already conducted

  B. Meeting with key stakeholders to gain consensus on MoV Study objectives

  C. Deciding to implement part of a Value Improving Proposal

  D. Reviewing cost estimates to check for double counting

  Correct Answer: A

• Question 60:

  Which is a benefit of the MoV Study Leader reporting to the Programme Manager?

  A. It enables the Programme Manager to pass valuable lessons learned during one project on to other projects

  B. It eliminates the need for regular meetings of the Senior MoV Practitioner and Study Leaders

  C. It replaces the need to involve the Project Sponsor in MoV Studies who may be busy

  D. It enables the Programme Manager to report to the Senior MoV Practitioner and MoV Board on lessons learned

  Correct Answer: A