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Exin MOVF Exam Dumps Questions and Answers

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Management of Value Foundation Questions and Answers

Questions 1

Which is true of MoV?

Options:

A.

It is better suited to the private rather than the public sector

B.

It is an informal approach to maximizing value

C.

Compliance with MoV processes is a good measure of added value

D.

Value Improving Proposal

Questions 2

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

Options:

A.

Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products

B.

Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes

C.

Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets

D.

Value Analysis and Value Engineering, while similar, differ in that they employ different process steps

Questions 3

Which would NOT be used to estimate the operating and running costs for a new IT system?

Options:

A.

The operating costs of a similar IT implementation

B.

The current daily rate of specialist skills required to operate the system

C.

An estimate of how many staff would be required to run the new system

D.

The total expenditure on MoV Studies