QA MOVF Management of Value Foundation Online Training
QA MOVF Online Training
The questions for MOVF were last updated at Apr 16,2024.
- Exam Code: MOVF
- Exam Name: Management of Value Foundation
- Certification Provider: QA
- Latest update: Apr 16,2024
Question #1
When would MoV NOT be of use?
- A . When determining the value of a decommissioned asset
- B . During the transition of an asset into the operational environment
- C . When an asset is in the operational environment
- D . During the delivery stage of a project
Correct Answer: A
Question #2
In which situation should caution be used in deciding whether to apply MoV?
- A . IT projects
- B . Products and services with a high value score
- C . Policy-making
- D . Lobbying for support
Correct Answer: B
Question #3
Which is a correct distinction between Value Engineering and Value Analysis?
- A . Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products
- B . Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes
- C . Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets
- D . Value Analysis and Value Engineering, while similar, differ in that they employ different process steps
Correct Answer: A
Question #4
Which is a key component of the Frame the Programme or Project process?
- A . Initial briefing meeting
- B . Team selection
- C . Resource analysis
- D . Idea selection
Correct Answer: A
Question #5
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
Question #6
How many phases does the MoV Value Engineering Job Plan contain?
- A . Six
- B . Ten
- C . Twelve
- D . Eight
Correct Answer: D
Question #7
Which would NOT be used to estimate the operating and running costs for a new IT system?
- A . The operating costs of a similar IT implementation
- B . The current daily rate of specialist skills required to operate the system
- C . An estimate of how many staff would be required to run the new system
- D . The total expenditure on MoV Studies
Correct Answer: D
Question #8
Which is NOT required for a top-down approach to introducing MoV to an organization?
- A . Providing guidance on how MoV will be used on projects
- B . Setting up a strategy for implementing MoV Policy
- C . Establishing an internal resource skilled in the application of MoV
- D . Developing procedures for data capture and feedback
Correct Answer: C
Question #9
Which is a main method of Function Analysis?
- A . Value Improving Proposal
- B . Value Tree
- C . Discounted Cash Flow
- D . Brainstorming
Correct Answer: B
Question #10
Which is an MoV Principle?
- A . Understand and articulate value
- B . Process information
- C . Focus on functions and required outcomes
- D . Prioritize value
Correct Answer: C
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