QA MOVF Management of Value Foundation Online Training
QA MOVF Online Training
The questions for MOVF were last updated at Jan 12,2025.
- Exam Code: MOVF
- Exam Name: Management of Value Foundation
- Certification Provider: QA
- Latest update: Jan 12,2025
Which is NOT a recommended action in constructing an Option Evaluation Matrix?
- A . Select criteria
- B . Define scale of improvement required and sensitivity ranges
- C . Set targets
- D . Establish weights for relative importance
Which statement regarding prioritizing value is true?
- A . A project can be successful even if it delivers only the Value Drivers classed as critical
- B . Prioritizing value should be based only on financial Value Drivers
- C . Value Drivers will normally be allocated different levels of importance
- D . Prioritizing value should be carried out with members of the project team rather than the project’s end users
When should an organization consider it necessary to establish in-house MoV delivery capability?
- A . When MoV is running only on a project-by-project basis
- B . When the scale of MoV applications becomes large and frequent enough to justify an internal delivery capability
- C . When a third party procurement is running successfully
- D . When it can benefit from more effective use of internal resources by broadening their capabilities
On a FAST diagram, where would you expect to find functions with the lowest level of abstraction?
- A . On the far right of the diagram
- B . On the far left of the diagram
- C . At the bottom of the diagram
- D . Anywhere – there is no relationship between level of abstraction and location on the diagram
Which statement regarding the Function Analysis Systems Technique is true?
- 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?"
Which technique focuses on underlying issues, rather than solving specific problems?
- A . Root Cause Analysis
- B . Soft Systems Methodology
- C . Value Profiling
- D . Cost Function Analysis
Which method provides a good checklist for communication during an MoV study?
- A . Brainstorming
- B . Five Ws and an H
- C . Function Analysis
- D . Cost/Worth
Which is a reason why MoV should be applied throughout the Investment Decision?
- A . To minimize the number of points where decisions need to be made
- B . To ensure that information used to make a decision is used only in that decision
- C . To maximize value in the face of evolving requirements
- D . To ensure that reviews such as those conducted under the Gateway Review Process will be positive
What is the worth of a Function?
- A . Its relative importance
- B . The current cost of performing it
- C . The lowest cost at which it could be performed
- D . Its objective
Which statement about MoV is true?
- A . It supports decision-making based on minimizing value for money
- B . It encourages innovation outside of an organization’s goals
- C . It facilitates optimal balance between investment and long-term operating expenditure
- D . It removes resources from consideration when reviewing organizational needs
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