EXIN Management of Value® Foundation - EX0-006 Free Exam Questions

A. Ten

B. Eight

C. Twelve

D. Six

A. They provide a prescriptive framework for an organization to apply when using MoV

B. NOT all Principles will apply to all projects

C. They are industry-specific

D. An organization should use the Principles to develop their own policies and processes

A. Functional experts

B. Programme owners or Project Sponsors and End Users

C. The MoV Study Team

D. The project team

A. Value Metrics

B. Project goals

C. Design solutions

D. Design Considerations

A. Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes

B. Value Analysis and Value Engineering, while similar, differ in that they employ different process steps

C. Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets

D. Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products

A. Development

B. Information

C. Evaluation

D. Creative

A. The Proposal Implementation Plan provides the project managers with details of the expected value improvements (or benefits)

B. The Proposal Implementation Plan enables project managers to monitor and manage the implementation process

C. Communication flowing from collaborative feedback enhances the effectiveness of MoV and helps build an appropriate culture

D. The Proposal Owners are NOT responsible for ensuring that their proposals are implemented

A. Select value-improving proposals for implementation

B. Identify MoV study leaders

C. Review the status of MoV in an organization where MoV activities could be improved

D. Develop an Option Evaluation Matrix

A. Value Definition

B. Creativity

C. Analysis

D. Development

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