EX0-006 Online Practice Questions and Answers

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

When would MoV NOT be of use?

A. When determining the value of a decommissioned asset

B. During the transition of an asset into the operational environment

C. When an asset is in the operational environment

D. During the delivery stage of a project

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 is a key component of the Frame the Programme or Project process?

A. Initial briefing meeting

B. Team selection

C. Resource analysis

D. Idea selection

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

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

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?"

When formulating MoV Study Plans, which proposition is true?

A. Environmental influences present inherent conflicts which can be reconciled through MoV

B. Legal requirements rarely affect perceptions of value

C. Technology developments are uncertain and so the possible impact on value is unknown

D. It is unnecessary to understand what other organizations are doing

How many types of value mismatches can the Analysis phase of the Value Engineering Job Plan reveal?

A. Three

B. Four

C. Five

D. Six