EXIN EXIN Certifications EX0-006 Questions & Answers

• Question 61:

  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)

  Correct Answer: D

• Question 62:

  Which is NOT an area where it is necessary to strike a balance in order to maximize value?

  A. Reconciling the needs and views of different stakeholders

  B. Balancing capital and operating costs

  C. Balancing the use of resources to reflect their availability and the organization's priorities

  D. Balancing the overall benefits realized against the use of resources

  Correct Answer: B

• Question 63:

  Which is a purpose of the MoV Project Plan?

  A. To provide a means of prioritizing stakeholders

  B. To provide information to aid decision-makers when deciding whether to authorize a project

  C. To describe the purpose of a series of MoV Studies throughout a project

  D. To test early models or prototypes before a design is fixed

  Correct Answer: C

• Question 64:

  What should reflect the value drivers in the value cascade?

  A. Design solutions

  B. Design Considerations

  C. Project goals

  D. Value Metrics

  Correct Answer: B

• Question 65:

  Who should undertake the assessment of value priorities when creating a value profile?

  A. The project team

  B. Programme owners or Project Sponsors and End Users

  C. The MoV Study Team

  D. Functional experts

  Correct Answer: B

• Question 66:

  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

  Correct Answer: D

• Question 67:

  How is cost benefit analysis applied during an MoV Study?

  A. In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection

  B. It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study

  C. It is used to establish discounted cash flow for Value Improving Proposals

  D. It is used to assess the Value Index

  Correct Answer: A

• Question 68:

  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

  Correct Answer: C

• Question 69:

  What is the first step in the MoV Project Plan?

  A. Gather and analyze information

  B. Prioritize Value Drivers and develop Value Profile

  C. Identify the processes to be used

  D. Define the study objectives

  Correct Answer: D

• Question 70:

  Which statement regarding the steps in the Generic MoV Study Plan is true?

  A. The final step should be to develop the Value Improving Proposals

  B. The first step should be to define the MoV Study objectives

  C. The Implementation Plan should be agreed before setting targets for benefits improvement

  D. The Value Drivers should be prioritized before identifying the functions

  Correct Answer: B