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Practice PeopleCert MOVF Exam Questions

1. Page: 1/20
  Total 100 Questions
Question No 1

Which statement about implementing a Value Improving Proposal is FALSE?

Choose the Choices:

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

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

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

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

D
Question No 2

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

Choose the Choices:

Brainstorming

Five Ws and an H

Function Analysis

Cost/Worth

B
Question No 3

Which is an MoV Principle?

Choose the Choices:

Understand and articulate value

Process information

Focus on functions and required outcomes

Prioritize value

C
Question No 4

Which statement about MoV is true?

Choose the Choices:

It supports decision-making based on minimizing value for money

It encourages innovation outside of an organization's goals

It facilitates optimal balance between investment and long-term operating expenditure

It removes resources from consideration when reviewing organizational needs

C
Question No 5

How is cost benefit analysis applied during an MoV Study?

Choose the Choices:

In Studies of process or procedure, it can be combined with many other tools, e.g. processmapping and option selection

It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study

It is used to establish discounted cash flow for Value Improving Proposals

It is used to assess the Value Index

A
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