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Management of Value Foundation Exam Questions 16–20 (page: 5)

Updated On: 10-Feb-2026

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QUESTION: 16

Which is part of the Information or Analysis phase of the Value Engineering Job Plan?

Presenting recommendations for improving value
Understanding the purpose of the Study
Brainstorming ideas to improve value
Developing Value Improving Proposals

Answer(s): B

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QUESTION: 17

Which statement regarding the MoV processes is true?

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

Answer(s): B

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QUESTION: 18

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

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

Answer(s): A

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QUESTION: 19

What should reflect the value drivers in the value cascade?

Design solutions
Design Considerations
Project goals
Value Metrics

Answer(s): B

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QUESTION: 20

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

Initial briefing meeting
Team selection
Resource analysis
Idea selection

Answer(s): A

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