Which statement about applying MoV during the investment decision is true?
Options:
A.
The focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached
B.
MoV studies should be conducted at all key decision points to check decision making
C.
When starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case
D.
The 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
Answer:
C
Question 3
Which is a fundamental question that Value Management is intended to address?
Options:
A.
Are we maximizing our investments at an affordable cost by removing risk?
B.
Are we maximizing our investments by focussing on minimizing costs?
C.
Are we maximizing our investments at an affordable cost with a known and acceptable level of risk?
D.
Are we maximizing our investments based on all stakeholder requirements?