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Practice PeopleCert MOVF Exam Questions

1. Page: 1/20
  Total 100 Questions
Question No 1

Which method provides a good checklist for communication during an MoV study?

Choose the Choices:

Brainstorming

Five Ws and an H

Function Analysis

Cost/Worth

B
Question No 2

Which is an MoV Principle?

Choose the Choices:

Understand and articulate value

Process information

Focus on functions and required outcomes

Prioritize value

C
Question No 3

Which statement about MoV is true?

Choose the Choices:

It supports decision - making based on minimizing value for money

It encourages innovation outside of an organization's goals

It facilitates optimal balance between investment and long - term operating expenditure

It removes resources from consideration when reviewing organizational needs Answer: C
Question No 4

How is cost benefit analysis applied during an MoV Study?

Choose the Choices:

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

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

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

It is used to assess the Value Index

A
Question No 5

What are potential options usually evaluated against?

Choose the Choices:

Value Drivers

Value Improving Proposals

MoV Study Handbook

MoV Project Plan

A
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