Why should MoV align with an organisation’s objectives?
To minimise the costs of delivering the project
To maximise benefits arising from the project
To meet stakeholder expectations
To avoid maximising value within one project that could diminish value across the wider programme
Which is a key component of the Evaluate and Select process?
Initial briefing meeting
Team selection
Resource analysis
Idea selection
Which document, prepared during a MoV Study, includes developed recommendations for improving value in a project?
MoV Implementation Strategy
Value Improving Proposal
MoV Project Plan
MoV Policy
When should an organization consider it necessary to fully embed MoV?
MoV is running only on a project-by-project basis
The scale of MoV applications become large and frequent enough to justify an internal delivery capability
The organization anticipates that their MoV needs will be minimal and external resource can be procured on an 'as-needed' basis
Senior Management ask to be convinced of the merits of MoV before committing to the process
Which statement regarding the MoV processes is true?
All processes will be used at all stages in a project lifecycle
MoV activities change as a project evolves from inception to use
They are only applicable to project environments
They are most applicable at the inception stage of a project