Management of Value® Foundation: EX0-006

Which would be undertaken in the Process Information process?

A. Collating information gathered to date and documenting any analysis already conducted

B. Meeting with key stakeholders to gain consensus on MoV Study objectives

C. Deciding to implement part of a Value Improving Proposal

D. Reviewing cost estimates to check for double counting

Which is NOT a purpose of the Decision Building meeting when Developing Value Improving Proposals?

A. To enable owners of Value Improving Proposals to present their suggestions to a panel of senior managers

B. To discuss the findings of each Value Improving Proposal and agree whether or not it should be implemented in whole or in part

C. To allocate an owner who is responsible for the implementation of each of the Value Improving Proposals selected

D. To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits)

Which statement about the application of the 7 MoV process stages is true?

A. All MoV process stages must be adopted for any MoV Study if it is to be fully effective

B. The Gather Information process only needs to be undertaken for the first MoV Study in a project

C. Some processes will be used at many stages, others only in specific stages

D. Lessons learned MoV studies should only be undertaken at the completion of a project