EXIN Management of Value® Foundation - MOVF Exam Practice Test
Which is NOT required for a top-down approach to introducing MoV to an organization?
Correct Answer: D
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Which is one of the three main areas where it is necessary to strike a balance to maximise value?
Correct Answer: A
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What does the Function Analysis Systems Technique produce?
Correct Answer: C
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How is a function described in Function Analysis in MoV?
Correct Answer: B
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On a FAST diagram, where would you expect to find functions with the lowest level of abstraction?
Correct Answer: D
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Which of the following cost types would be considered in calculating discounted cash flow?
1.Capital or one off costs
2.Periodic maintenance costs
3.Regular operational costs
4.Opportunity costs
1.Capital or one off costs
2.Periodic maintenance costs
3.Regular operational costs
4.Opportunity costs
Correct Answer: B
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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.
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.
Correct Answer: B
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Which is a purpose of the Align with Organisational Objectives Principle?
Correct Answer: C
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