EXIN Management of Value® Foundation - EX0-006 FREE EXAM DUMPS QUESTIONS & ANSWERS

A. Value Tree B. Discounted Cash Flow C. Value Improving Proposal D. Brainstorming

A. It assesses the benefits of implementing a proposal against the risk that the VIP may fail B. All new policies, programmes and projects should be subject to comprehensive but proportionate assessment C. It compares the initial magnitude of cost of an MoV Study with the long term benefits it will deliver D. It is used in conjunction with discounted cash flow to ensure that the lowest cost VIP is always selected

A. It allows Senior Managers to objectively review proposals to determine which should be B. implemented C. It helps to ensure that the requirements of the Project Sponsors and end users are aligned D. It ensures that the Study Team are all working from the same level of information E. It assigns Proposal Owners to all development proposals

A. Are we maximizing our investments at an affordable cost by removing risk? B. Are we maximizing our investments based on all stakeholder requirements? C. Are we maximizing our investments at an affordable cost with a known and acceptable level of risk? D. Are we maximizing our investments by focussing on minimizing costs?

A. Setting up a strategy for implementing MoV Policy B. Developing procedures for data capture and feedback C. Providing guidance on how MoV will be used on projects D. Establishing an internal resource skilled in the application of MoV

A. It eliminates bias when evaluating ideas B. It is used after mind showering to generate fresh ideas for value improving proposals C. It generates ideas of variable merit for value improving proposals D. It eliminates foolish ideas during creative thinking

A. Monitoring progress of the implementation plan B. Agreeing the implementation plan C. Presenting recommendations for improving value D. Developing Value Improving Proposals

A. Focus on functions and required outcomes B. Prioritize value C. Process information D. Understand and articulate value

A. It facilitates optimal balance between investment and long-term operating expenditure B. It encourages innovation outside of an organization's goals C. It removes resources from consideration when reviewing organizational needs D. It supports decision-making based on minimizing value for money

A. A summary of outcomes B. Value Profiles and FAST diagrams C. The method by which ideas are ranked D. Any restrictions placed on the Study