EXIN Management of Value® Foundation - MOVF Free Exam Questions

A. Reviewing cost estimates to check for double counting

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

C. Deciding to implement part of a Value Improving Proposal

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

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

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

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

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

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

A. Value Metrics

B. Project goals

C. Design solutions

D. Design Considerations

A. When it can benefit from more effective use of internal resources by broadening their capabilities

B. When a third party procurement is running successfully

C. When the scale of MoV applications becomes large and frequent enough to justify an internal delivery capability

D. When MoV is running only on a project-by-project basis

A. A summary of outcomes

B. The method by which ideas are ranked

C. Value Profiles and FAST diagrams

D. Any restrictions placed on the Study

A. Functional experts

B. Programme owners or Project Sponsors and End Users

C. The MoV Study Team

D. The project team

A. Information to clarify a viable Brief

B. Functional definition of project

C. Maximized value

D. Information to improve the Business Case

A. Estimate only those areas where the scope is certain

B. Develop a cost model and refine the scope to meet the cost model

C. Wait until the scope is certain and then estimate

D. Start with an initial best guess estimate and update it as more information becomes
known

A. Four

B. Five

C. Six

D. Three