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

Question #21

What is the purpose of Function Analysis?

A . To analyze what things do
B . To analyze what things are
C . To define how to produce things
D . To define how much things cost to produce

Reveal Solution Hide Solution

Correct Answer: A

Question #22

Who prepares each Value Improving Proposal?

A . The MoV Study Leader
B . The Programme Owner, who assesses relevant value priorities during Value Profiling
C . The Value Metric Owner
D . The owner of the relevant idea or scenario allocated during the selection process

Reveal Solution Hide Solution

Correct Answer: D

Question #23

Which is NOT an area where it is necessary to strike a balance in order to maximize value?

A . Reconciling the needs and views of different stakeholders
B . Balancing capital and operating costs
C . Balancing the use of resources to reflect their availability and the organization’s priorities
D . Balancing the overall benefits realized against the use of resources

Reveal Solution Hide Solution

Correct Answer: B

Question #24

Which statement regarding the MoV processes is true?

A . All processes will be used at all stages in a project lifecycle
B . MoV activities change as a project evolves from inception to use
C . They are only applicable to project environments
D . They are most applicable at the inception stage of a project

Reveal Solution Hide Solution

Correct Answer: B

Question #25

Which is NOT a key element of stakeholder consultation?

A . Ensuring that all major stakeholders for the project have been identified and engaged
B . Ensuring that the same stakeholder representatives are involved throughout the project
C . Ensuring that stakeholders are provided with timely, specific and clear information regarding proposals and their impacts throughout the development process
D . Ensuring that regular feedback on progress is given

Reveal Solution Hide Solution

Correct Answer: B

Question #26

Which will be included in the MoV Project Plan?

A . Identification of suitable candidates to lead and participate in the Studies
B . Key attributes of a proposed Study
C . Constraints applicable to a proposed Study
D . A draft function diagram

Reveal Solution Hide Solution

Correct Answer: A

Question #27

What are the key activities involved in the Processing Information stage?

A . Preparation, facilitation, creativity and innovation
B . Analysis, creativity and innovation, and evaluation and selection
C . Preparation, target-setting, facilitation, and creativity and innovation
D . Selection of team, preparation of Study Handbook, analysis of data, creativity and Innovation

Reveal Solution Hide Solution

Correct Answer: A

Question #28

What is provided by a Value Improving Proposal (VIP)?

A . Information which the decision-makers need in order to decide whether to implement the VIP in full, partially, or not at all
B . A detailed record of the existing situation that the VIP is intended to improve, including the functions carried out
C . Information which Senior Management needs in order to implement the VIP
D . A detailed implementation plan for each VIP

Reveal Solution Hide Solution

Correct Answer: A

Question #29

Which is a purpose of the MoV Project Plan?

A . To provide a means of prioritizing stakeholders
B . To provide information to aid decision-makers when deciding whether to authorize a project
C . To describe the purpose of a series of MoV Studies throughout a project
D . To test early models or prototypes before a design is fixed

Reveal Solution Hide Solution

Correct Answer: C

Question #30

Which MoV document contains a detailed evaluation of options for value improvement?