When formulating MoV Study Plans, which proposition is true?
A. Environmental influences present inherent conflicts which can be reconciled through MoV
B. Legal requirements rarely affect perceptions of value
C. Technology developments are uncertain and so the possible impact on value is unknown
D. It is unnecessary to understand what other organizations are doing
What are potential options usually evaluated against?
A. Value Drivers
B. Value Improving Proposals
C. MoV Study Handbook
D. MoV Project Plan
Which statement regarding prioritizing value is true?
A. A project can be successful even if it delivers only the Value Drivers classed as critical
B. Prioritizing value should be based only on financial Value Drivers
C. Value Drivers will normally be allocated different levels of importance
D. Prioritizing value should be carried out with members of the project team rather than the project's end users
Which is NOT a key element of stakeholder consultation?
A. Ensuring that all major stakeholders for the project have been identified and engaged
B. Ensuring that the same stakeholder representatives are involved throughout the project
C. Ensuring that stakeholders are provided with timely, specific and clear information regarding proposals and their impacts throughout the development process
D. Ensuring that regular feedback on progress is given
Which is a key component of the Frame the Programme or Project process?
A. Initial briefing meeting
B. Team selection
C. Resource analysis
D. Idea selection
Which method provides a good checklist for communication during an MoV study?
A. Brainstorming
B. Five Ws and an H
C. Function Analysis
D. Cost/Worth
How many phases does the MoV Value Engineering Job Plan contain?
A. Six
B. Ten
C. Twelve
D. Eight
Which statement regarding a Value Improving Proposal is true?
A. It provides information to feed into the MoV Policy
B. It is an idea-generation technique
C. It is based on detailed analysis of selected ideas or options
D. It is developed before an Option Evaluation Matrix
What is provided by a Value Improving Proposal (VIP)?
A. Information which the decision-makers need in order to decide whether to implement the VIP in full, partially, or not at all
B. A detailed record of the existing situation that the VIP is intended to improve, including the functions carried out
C. Information which Senior Management needs in order to implement the VIP
D. A detailed implementation plan for each VIP
Which will be included in the MoV Project Plan?
A. Identification of suitable candidates to lead and participate in the Studies
B. Key attributes of a proposed Study
C. Constraints applicable to a proposed Study
D. A draft function diagram
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