EXIN Management of Value® Foundation - EX0-006 Exam Practice Test

A. Adjective and verb

B. Verb and noun

C. Adjective and noun

D. Verb only

A. MoV Project Plan

B. MoV Study Handbook

C. MoV Progress Report

D. Value Improving Proposal

A. Prioritize value

B. Focus on functions and required outcomes

C. Understand and articulate value

D. Process information

A. Value Drivers will normally be allocated different levels of importance

B. Prioritizing value should be based only on financial Value Drivers

C. A project can be successful even if it delivers only the Value Drivers classed as critical

D. Prioritizing value should be carried out with members of the project team rather than the project's end users

A. Functional definition of project

B. Maximized value

C. Information to clarify a viable Brief

D. Information to improve the Business Case

A. It replaces the need to involve the Project Sponsor in MoV Studies who may be busy

B. It enables the Programme Manager to report to the Senior MoV Practitioner and MoV Board on lessons learned

C. It enables the Programme Manager to pass valuable lessons learned during one project on to other projects

D. It eliminates the need for regular meetings of the Senior MoV Practitioner and Study Leaders

A. Value Improving Proposal

B. It is an informal approach to maximizing value

C. It is better suited to the private rather than the public sector

D. Compliance with MoV processes is a good measure of added value

A. MoV Project Plan

B. MoV Study Handbook

C. Value Improving Proposals

D. Value Drivers

A. An organization should use the Principles to develop their own policies and processes

B. They are industry-specific

C. NOT all Principles will apply to all projects

D. They provide a prescriptive framework for an organization to apply when using MoV

A. Use creative thinking to evaluate each idea as it is identified, reject the unsuitable ideas and maximize the innovative ones

B. Apply Brainstorming through freewheeling discussion to trigger ideas in people's minds and then record the best ideas

C. Apply Brainstorming using the Function Analysis model as a guide to focus creative thinking

D. Maintain live and visible records which assess the financial impact of each idea identified to maintain focus on innovative ideas