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Free MOVF Exam Braindumps (page: 9)

Page 8 of 26
PDF with 100 Questions

When would MoV NOT be of use?

  1. When determining the value of a decommissioned asset
  2. During the transition of an asset into the operational environment
  3. When an asset is in the operational environment
  4. During the delivery stage of a project

Answer(s): A



Which statement about MoV Principles is true?

  1. They provide a prescriptive framework for an organization to apply when using MoV
  2. NOT all Principles will apply to all projects
  3. An organization should use the Principles to develop their own policies and processes
  4. They are industry-specific

Answer(s): C



On a FAST diagram, where would you expect to find functions with the lowest level of abstraction?

  1. On the far right of the diagram
  2. On the far left of the diagram
  3. At the bottom of the diagram
  4. Anywhere - there is no relationship between level of abstraction and location on the diagram

Answer(s): A



Which is a correct distinction between Value Engineering and Value Analysis?

  1. Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products
  2. Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes
  3. Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets
  4. Value Analysis and Value Engineering, while similar, differ in that they employ different process steps

Answer(s): A






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