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Free MOVF Exam Braindumps (page: 3)

Page 2 of 26
PDF with 100 Questions

How is cost benefit analysis applied during an MoV Study?

  1. In Studies of process or procedure, it can be combined with many other tools, e.g. process- mapping and option selection
  2. It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study
  3. It is used to establish discounted cash flow for Value Improving Proposals
  4. It is used to assess the Value Index

Answer(s): A



What are potential options usually evaluated against?

  1. Value Drivers
  2. Value Improving Proposals
  3. MoV Study Handbook
  4. MoV Project Plan

Answer(s): A



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

  1. Reconciling the needs and views of different stakeholders
  2. Balancing capital and operating costs
  3. Balancing the use of resources to reflect their availability and the organization's priorities
  4. Balancing the overall benefits realized against the use of resources

Answer(s): B



Which is true of MoV?

  1. It is better suited to the private rather than the public sector
  2. It is an informal approach to maximizing value
  3. Compliance with MoV processes is a good measure of added value
  4. Value Improving Proposal

Answer(s): D






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