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MOVF Exam Dumps - Management of Value Foundation

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Question # 4

Why should MoV align with an organisation’s objectives?

A.

To minimise the costs of delivering the project

B.

To maximise benefits arising from the project

C.

To meet stakeholder expectations

D.

To avoid maximising value within one project that could diminish value across the wider programme

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Question # 5

Which is a key component of the Evaluate and Select process?

A.

Initial briefing meeting

B.

Team selection

C.

Resource analysis

D.

Idea selection

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Question # 6

Which document, prepared during a MoV Study, includes developed recommendations for improving value in a project?

A.

MoV Implementation Strategy

B.

Value Improving Proposal

C.

MoV Project Plan

D.

MoV Policy

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Question # 7

When should an organization consider it necessary to fully embed MoV?

A.

MoV is running only on a project-by-project basis

B.

The scale of MoV applications become large and frequent enough to justify an internal delivery capability

C.

The organization anticipates that their MoV needs will be minimal and external resource can be procured on an 'as-needed' basis

D.

Senior Management ask to be convinced of the merits of MoV before committing to the process

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Question # 8

Which statement regarding the MoV processes is true?

A.

All processes will be used at all stages in a project lifecycle

B.

MoV activities change as a project evolves from inception to use

C.

They are only applicable to project environments

D.

They are most applicable at the inception stage of a project

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