ITIL MOVF - Management of Value® Foundation Exam

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Total 99 questions

Which statement about implementing a Value Improving Proposal is FALSE?

  • A. The Proposal Implementation Plan provides the project managers with details of the expected value improvements (or benefits)
  • B. Communication flowing from collaborative feedback enhances the effectiveness of MoV and helps build an appropriate culture
  • C. The Proposal Implementation Plan enables project managers to monitor and manage the implementation process
  • D. The Proposal Owners are NOT responsible for ensuring that their proposals are implemented


Answer : D

Which method provides a good checklist for communication during an MoV study?

  • A. Brainstorming
  • B. Five Ws and an H
  • C. Function Analysis
  • D. Cost/Worth


Answer : B

Which is an MoV Principle?

  • A. Understand and articulate value
  • B. Process information
  • C. Focus on functions and required outcomes
  • D. Prioritize value


Answer : C

Which statement about MoV is true?

  • A. It supports decision-making based on minimizing value for money
  • B. It encourages innovation outside of an organization's goals
  • C. It facilitates optimal balance between investment and long-term operating expenditure
  • D. It removes resources from consideration when reviewing organizational needs


Answer : C

How is cost benefit analysis applied during an MoV Study?

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


Answer : A

Page:    1 / 20   
Total 99 questions