What should reflect the value drivers in the value cascade?
Design solutions
Design Considerations
Project goals
Value Metrics
Which statement regarding the Function Analysis Systems Technique is true?
Functions should describe the features of a product rather than what it does
A Primary Basic Function consists of one or more Higher Order Functions
A Primary Basic Function consists of one or more Primary Supporting Functions
Moving from the Higher Order Function to the Primary Basic Function answers the question "How do we do this?"
When would MoV NOT be of use?
When determining the value of a decommissioned asset
During the transition of an asset into the operational environment
When an asset is in the operational environment
During the delivery stage of a project
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
Which method provides a good checklist for communication during an MoV study?
Brainstorming
Five Ws and an H
Function Analysis
Cost/Worth
Which statement about a decision building meeting is true?
It should be chaired by the senior responsible owner.
The owner, responsible for implementation, has already been determined by the MoV team before the meeting.
Decisions from the meeting should form the basis of the proposal implementation plan
Attendees should be limited to the senior responsible person, project manager and project sponsor
Which is a fundamental question that Value Management is intended to address?
Are we maximizing our investments at an affordable cost by removing risk?
Are we maximizing our investments by focussing on minimizing costs?
Are we maximizing our investments at an affordable cost with a known and acceptable level of risk?
Are we maximizing our investments based on all stakeholder requirements?
How is a function described in Function Analysis in MoV?
Verb only
Adjective and verb
Verb and noun
Adjective and noun
Which would you NOT expect to see in a Proposal Implementation Plan?
A list of proposal owners
The timescale for the inclusion of proposals
A mechanism for review should progress fall below expectations
A risk and sensitivity analysis of proposals
TESTED 22 Sep 2025
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