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NO.1 How are Value Drivers used when creating a Value Tree?
A. The Value Tree is derived from the Value Profile after prioritising the Value Drivers
B. Value Drivers describe the physical elements of the project in the Value Tree
C. Primary Value Drivers are linked to statements describing design considerations which in turn are
linked to a statement of objectives
D. Value Drivers are linked (as roots) to a statement of SMART objectives (the tree trunk)
Answer: D
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NO.2 Which is MOST APPROPRIATE when estimating costs where the scope is uncertain?
A. Wait until the scope is certain and then estimate
B. Estimate only those areas where the scope is certain
C. Start with an initial best guess estimate and update it as more information becomes
known
D. Develop a cost model and refine the scope to meet the cost model
Answer: C
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NO.3 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
Answer: B
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NO.4 Which describes a purpose of the MoV Study Handbook?
A. It allows Senior Managers to objectively review proposals to determine which should be
B. implemented
C. It ensures that the Study Team are all working from the same level of information
D. It assigns Proposal Owners to all development proposals
E. It helps to ensure that the requirements of the Project Sponsors and end users are aligned
Answer: B
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NO.5 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
Answer: C
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NO.6 Why should MoV align with an organisation's objectives?
A. To minimise the costs of delivering the project
B. To maximise benefits arising from the project
C. To meet stakeholder expectations
D. To avoid maximising value within one project that could diminish value across the wider
programme
Answer: D
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NO.7 Which statement about a decision building meeting is true?
A. It should be chaired by the senior responsible owner.
B. The owner, responsible for implementation, has already been determined by the MoV team
before the meeting.
C. Decisions from the meeting should form the basis of the proposal implementation plan
D. Attendees should be limited to the senior responsible person, project manager and project
sponsor
Answer: C
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NO.8 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
Answer: A
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