Exin MOVF Exam Dumps PDF

Management of Value® Foundation

Total Questions: 99
Update Date: May 20, 2024

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Question 1

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

Answer: A

Question 2

Which statement about implementing a Value Improving Proposal is FALSE?

A. The Proposal Implementation Plan provides the project managers with details of the expected value improvements (or benefits)
B. Communication flowing from collaborative feedback enhances the effectiveness of MoV and helps build an appropriate culture
C. The Proposal Implementation Plan enables project managers to monitor and manage the implementation process
D. The Proposal Owners are NOT responsible for ensuring that their proposals are implemented

Answer: D

Question 3

Which technique focuses on underlying issues, rather than solving specific problems?

A. Root Cause Analysis
B. Soft Systems Methodology
C. Value Profiling 
D. Cost Function Analysis

Answer: A

Question 4

What are the key activities involved in the Processing Information stage?

A. Preparation, facilitation, creativity and innovation 
B. Analysis, creativity and innovation, and evaluation and selection
C. Preparation, target-setting, facilitation, and creativity and innovation
D. Selection of team, preparation of Study Handbook, analysis of data, creativity and Innovation

Answer: A

Question 5

Which is NOT a purpose of the Decision Building meeting when Developing Value Improving Proposals? 

A. To enable owners of Value Improving Proposals to present their suggestions to a panel of senior managers
B. To discuss the findings of each Value Improving Proposal and agree whether or not it should be implemented in whole or in part
C. To allocate an owner who is responsible for the implementation of each of the Value Improving Proposals selected
D. To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits)

Answer: D