What is the worth of a Function?
What is the worth of a Function?A . Its relative importanceB . The current cost of performing itC . The lowest cost at which it could be performedD . Its objectiveView AnswerAnswer: C
Which technique would you use to understand "business as usual"?
Pdfprep2021-02-10T17:42:36+00:00Which technique would you use to understand "business as usual"?A . BenchmarkingB . Weighting techniquesC . MoV health checkD . Process mappingView AnswerAnswer: D
Which would NOT be used to estimate the operating and running costs for a new IT system?
Pdfprep2021-02-10T10:36:44+00:00Which would NOT be used to estimate the operating and running costs for a new IT system?A . The operating costs of a similar IT implementationB . The current daily rate of specialist skills...
Which is a fundamental question that Value Management is intended to address?
Pdfprep2021-02-10T09:57:50+00:00Which is a fundamental question that Value Management is intended to address?A . Are we maximizing our investments at an affordable cost by removing risk?B . Are we maximizing our investments by focussing on...
Which is NOT a reason why it becomes more difficult to implement changes identified by a MoV Study as a project progresses?
Pdfprep2021-02-08T23:13:07+00:00Which is NOT a reason why it becomes more difficult to implement changes identified by a MoV Study as a project progresses?A . Sunk costs increase as a project progressesB . Project team members...
Which is NOT a recommended action in constructing an Option Evaluation Matrix?
Pdfprep2021-02-08T21:35:19+00:00Which is NOT a recommended action in constructing an Option Evaluation Matrix?A . Select criteriaB . Define scale of improvement required and sensitivity rangesC . Set targetsD . Establish weights for relative importanceView AnswerAnswer:...
Which statement regarding prioritizing value is true?
Pdfprep2021-02-01T05:35:29+00:00Which statement regarding prioritizing value is true?A . A project can be successful even if it delivers only the Value Drivers classed as criticalB . Prioritizing value should be based only on financial Value...
Which is part of the Follow-up phase of the Value Engineering Job Plan?
Pdfprep2021-01-31T13:12:31+00:00Which is part of the Follow-up phase of the Value Engineering Job Plan?A . Presenting recommendations for improving valueB . Monitoring progress of the implementation planC . Agreeing the implementation planD . Developing Value...
On a FAST diagram, where would you expect to find functions with the lowest level of abstraction?
Pdfprep2021-01-31T10:49:51+00:00On a FAST diagram, where would you expect to find functions with the lowest level of abstraction?A . On the far right of the diagramB . On the far left of the diagramC ....
Which statement regarding Value Improving Proposals is FALSE?
Pdfprep2021-01-29T15:37:37+00:00Which statement regarding Value Improving Proposals is FALSE?A . A Study can combine multiple Value Improving Proposals to form different scenariosB . A Study may generate multiple Value Improving Proposals with conflicting recommendationsC ....