Management of Value Foundation MOVF Real Exam Dumps

1. When would MoV NOT be of use?

2. In which situation should caution be used in deciding whether to apply MoV?

3. Which is a correct distinction between Value Engineering and Value Analysis?

4. Which is a key component of the Frame the Programme or Project process?

5. Which statement regarding the steps in the Generic MoV Study Plan is true?

6. How many phases does the MoV Value Engineering Job Plan contain?

7. Which would NOT be used to estimate the operating and running costs for a new IT system?

8. Which is NOT required for a top-down approach to introducing MoV to an organization?

9. Which is a main method of Function Analysis?

10. Which is an MoV Principle?

11. Which is NOT a recommended action in constructing an Option Evaluation Matrix?

12. Which statement regarding prioritizing value is true?

13. When should an organization consider it necessary to establish in-house MoV delivery capability?

14. On a FAST diagram, where would you expect to find functions with the lowest level of abstraction?

15. Which statement regarding the Function Analysis Systems Technique is true?

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

17. Which method provides a good checklist for communication during an MoV study?

18. Which is a reason why MoV should be applied throughout the Investment Decision?

19. What is the worth of a Function?

20. Which statement about MoV is true?

21. What is the purpose of Function Analysis?

22. Who prepares each Value Improving Proposal?

23. Which is NOT an area where it is necessary to strike a balance in order to maximize value?

24. Which statement regarding the MoV processes is true?

25. Which is NOT a key element of stakeholder consultation?

26. Which will be included in the MoV Project Plan?

27. What are the key activities involved in the Processing Information stage?

28. What is provided by a Value Improving Proposal (VIP)?

29. Which is a purpose of the MoV Project Plan?

30. Which MoV document contains a detailed evaluation of options for value improvement?