PeopleCert
MOVF
Q1:
Which is one of the five portfolio management principles?
○
A
Portfolio definition○
B
Multi-criteria analysis○
C
Prioritize○
D
Strategy alignment
PeopleCert
MOVF
Q2:
How are Value Drivers used when creating a Value Tree?
○
A
The Value Tree is derived from the Value Profile after prioritising the Value Drivers○
B
Value Drivers describe the physical elements of the project in the Value Tree○
C
Primary Value Drivers are linked to statements describing design considerations which in turn are linked to a statement of objectives○
D
Value Drivers are linked (as roots) to a statement of SMART objectives (the tree trunk)
PeopleCert
MOVF
Q3:
Which is an alternative term for Value Engineering?
○
A
Value Score○
B
Value Profile○
C
Value Driver○
D
Value Analysis
PeopleCert
MOVF
Q4:
Which is a true statement about the Value Index?
○
A
It is a measure of how well the project, in its current state of development, satisfies the project objectives○
B
It measures value for money○
C
It is based on non-financial criteria○
D
It should only be changed if business needs change
PeopleCert
MOVF
Q5:
Which statement about applying MoV during the investment decision is true?
○
A
The focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached○
B
MoV studies should be conducted at all key decision points to check decision making○
C
When starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case○
D
The focus of effort under MoV throughout the lifecycle of an investment decision should be fixed from the start so that value can be measured consistently at each stage