PeopleCert MOVF Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

Which statement about applying MoV during the investment decision is true?

AThe focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached

BMoV studies should be conducted at all key decision points to check decision making

CWhen starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case

DThe focus of effort under MoV throughout the lifecycle of an investment decision should be fixed from the start so that value can be measured consistently at each stage

Correct : C

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AThe focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached

BMoV studies should be conducted at all key decision points to check decision making

CWhen starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case

DThe focus of effort under MoV throughout the lifecycle of an investment decision should be fixed from the start so that value can be measured consistently at each stage

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Question 2

Which is a true statement about the Value Index?

AIt is a measure of how well the project, in its current state of development, satisfies the project objectives

BIt measures value for money

CIt is based on non-financial criteria

DIt should only be changed if business needs change

Correct : A

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AIt is a measure of how well the project, in its current state of development, satisfies the project objectives

BIt measures value for money

CIt is based on non-financial criteria

DIt should only be changed if business needs change

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Question 3

Which is an alternative term for Value Engineering?

AValue Score

BValue Profile

CValue Driver

DValue Analysis

Correct : D

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AValue Score

BValue Profile

CValue Driver

DValue Analysis

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Question 4

How are Value Drivers used when creating a Value Tree?

AThe Value Tree is derived from the Value Profile after prioritising the Value Drivers

BValue Drivers describe the physical elements of the project in the Value Tree

CPrimary Value Drivers are linked to statements describing design considerations which in turn are linked to a statement of objectives

DValue Drivers are linked (as roots) to a statement of SMART objectives (the tree trunk)

Correct : D

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AThe Value Tree is derived from the Value Profile after prioritising the Value Drivers

BValue Drivers describe the physical elements of the project in the Value Tree

CPrimary Value Drivers are linked to statements describing design considerations which in turn are linked to a statement of objectives

DValue Drivers are linked (as roots) to a statement of SMART objectives (the tree trunk)

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Question 5

Which is one of the five portfolio management principles?

APortfolio definition

BMulti-criteria analysis

CPrioritize

DStrategy alignment

Correct : D

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APortfolio definition

BMulti-criteria analysis

CPrioritize

DStrategy alignment

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