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Management of Value Foundation Questions and Answers

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Question 1

Who should undertake the assessment of value priorities when creating a value profile?

Options:

A.

The project team

B.

Programme owners or Project Sponsors and End Users

C.

The MoV Study Team

D.

Functional experts

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Question 2

Which statement regarding the delivery of value is true?

Options:

A.

Benefits management focuses on maximizing benefits

B.

If used, benefits management should be unrelated to the outputs of a MoV Study

C.

Rewards linked to achievement of value improvements may be used to motivate staff in MoV

D.

A formal benefits management process must be used to monitor value improvements

Question 3

Which statement regarding the Function Analysis Systems Technique is true?

Options:

A.

Functions should describe the features of a product rather than what it does

B.

A Primary Basic Function consists of one or more Higher Order Functions

C.

A Primary Basic Function consists of one or more Primary Supporting Functions

D.

Moving from the Higher Order Function to the Primary Basic Function answers the question "How do we do this?"

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