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Vendor: EXIN
Exam Code: EX0-006
Exam Name: Management of Value® Foundation
Certification: MoV
Total Questions: 99 Q&A
Updated on:
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Which is part of the Information or Analysis phase of the Value Engineering Job Plan?
A. Presenting recommendations for improving value
B. Understanding the purpose of the Study
C. Brainstorming ideas to improve value
D. Developing Value Improving Proposals
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
Why is Value Engineering (VE) applied?
A. VE improves value by balancing function and cost whilst trading off time and quality
B. VE primarily aims to bring all the key stakeholders together to reduce project costs
C. VE primarily aims to assess value for money in an existing design or set of circumstances
D. VE produces value improving proposals which will be implemented by the project team
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