MOVF Online Practice Questions and Answers

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

A. Select criteria

B. Define scale of improvement required and sensitivity ranges

C. Set targets

D. Establish weights for relative importance

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

A. When MoV is running only on a project-by-project basis

B. When the scale of MoV applications becomes large and frequent enough to justify an internal delivery capability

C. When a third party procurement is running successfully

D. When it can benefit from more effective use of internal resources by broadening their capabilities

Which is a requirement for embedding MoV in an organization?

A. A separate level of management which is set up to focus on MoV activities

B. Support from senior managers

C. A Senior MoV Practitioner who is part of the MoV Board

D. An MoV Study Leader who is appointed as part of each project team

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

A. MoV Project Plan

B. Value Improving Proposal

C. MoV Study Handbook

D. MoV Progress Report

Which is one of the three main areas where it is necessary to strike a balance to maximise value?

A. Controlling costs in line with programme and project objectives

B. Identifying benefits in line with programme and project objectives

C. Meeting every stakeholder's initial expectations

D. Redistributing resources across different value drivers

Which is a true statement describing the brainstorming technique?

A. Generates a large volume of ideas in a short timeframe

B. Focuses on eliminating ideas which may be unsuitable

C. Analyses in detail a small number of options

D. Enables team members to raise ideas anonymously

Which statement about applying mind showering in MoV is true?

A. Uses the cost model as a guide to focus on idea generation

B. Discourages foolish ideas

C. Focuses on idea quality NOT quantity

D. Ensures that all ideas are made visible

Which is a purpose of the Align with Organisational Objectives Principle?

A. To minimize the risk that maximizing value within one project could diminish value across the wider programme

B. To ensure that evolving requirements are considered throughout the project

C. To take up lessons learned from previous experience in order to avoid repetition of past mistakes

D. To ensure that there is adequate governance in place to support and deliver MoV

Which three criteria explain why the MoV individual competence model is useful to an organisation?

1.

To assess an individual's capabilities and the type of MoV study for which they are suited.

2.

To recognise that a fully but recently qualified practitioner will lack the experience to undertake studies on particularly complex projects.

3.

To enable recently qualified practitioners to learn to undertake MoV where human and cultural factors may be significant.

4.

To allow recently qualified practitioners to undertake studies on particularly complex projects.

A. 1, 2, 3

B. 1, 2, 4

C. 1, 3, 4

D. 2, 3, 4

How is a function described in Function Analysis in MoV?

A. Verb only

B. Adjective and verb

C. Verb and noun

D. Adjective and noun