Which is NOT required for a top-down approach to introducing MoV to an organization?A . Providing guidance on how MoV will be used on projectsB . Setting up a strategy for implementing MoV PolicyC...
Which method provides a good checklist for communication during an MoV study?A . BrainstormingB . Five Ws and an HC . Function AnalysisD . Cost/WorthView AnswerAnswer: B
Which approach can hide opportunity for innovation when benchmarking?A . Focusing on anomalies, rather than problems in common, identified by benchmarkingB . Benchmarking exclusively with same type organisationC . Benchmarking against a wide pool...
How are Value Drivers used when creating a Value Tree?A . The Value Tree is derived from the Value Profile after prioritising the Value DriversB . Value Drivers describe the physical elements of the...
Which would you NOT expect to see in a Proposal Implementation Plan?A . A list of proposal ownersB . The timescale for the inclusion of proposalsC . A mechanism for review should progress fall...
Which statement regarding the Function Analysis Systems Technique is true?A . Functions should describe the features of a product rather than what it doesB . A Primary Basic Function consists of one or more...
Which is an alternative term for Value Engineering?A . Value ScoreB . Value ProfileC . Value DriverD . Value AnalysisView AnswerAnswer: D
Which is an MoV Principle?A . Understand and articulate valueB . Process informationC . Focus on functions and required outcomesD . Prioritize valueView AnswerAnswer: C
Which is a key component of the Frame the Programme or Project process?A . Initial briefing meetingB . Team selectionC . Resource analysisD . Idea selectionView AnswerAnswer: A
Which is a main method of Function Analysis?A . Value Improving ProposalB . Value TreeC . Discounted Cash FlowD . BrainstormingView AnswerAnswer: B
