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EXIN EX0-006 - Questions & Answers

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Question 1
Single choice

Which would be undertaken in the Process Information process?

A.

Collating information gathered to date and documenting any analysis already conducted

B.

Meeting with key stakeholders to gain consensus on MoV Study objectives

C.

Deciding to implement part of a Value Improving Proposal

D.

Reviewing cost estimates to check for double counting

Question 2
Single choice

Who prepares each Value Improving Proposal?

A.

The MoV Study Leader

B.

The Programme Owner, who assesses relevant value priorities during Value Profiling

C.

The Value Metric Owner

D.

The owner of the relevant idea or scenario allocated during the selection process

Question 3
Single choice

What is the purpose of Function Analysis?

A.

To analyze what things do

B.

To analyze what things are

C.

To define how to produce things

D.

To define how much things cost to produce

Question 4
Single choice

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

Question 5
Single choice

Which is part of the Information or Analysis phase of the Value Engineering Job Plan?

A.

Presenting recommendations for improving value

B.

Understanding the purpose of the Study

C.

Brainstorming ideas to improve value

D.

Developing Value Improving Proposals

Question 6
Single choice

Which is NOT required for a top-down approach to introducing MoV to an organization?

A.

Providing guidance on how MoV will be used on projects

B.

Setting up a strategy for implementing MoV Policy

C.

Establishing an internal resource skilled in the application of MoV

D.

Developing procedures for data capture and feedback

Question 7
Single choice

Which is an MoV Principle?

A.

Understand and articulate value

B.

Process information

C.

Focus on functions and required outcomes

D.

Prioritize value

Question 8
Single choice

When should an organization consider it necessary to establish in-house MoV delivery capability?

A.

When MoV is running only on a project-by-project basis

B.

When the scale of MoV applications becomes large and frequent enough to justify an internal delivery capability

C.

When a third party procurement is running successfully

D.

When it can benefit from more effective use of internal resources by broadening their capabilities

Question 9
Single choice

Which is a valid criterion for assessing the return on investment of an MoV Study?

A.

Completed on time

B.

Delivers a reduction on cost

C.

MoV processes being followed

D.

Completed within budget

Question 10
Single choice

What is used to assess whether a particular Value Driver represents good value for money?

A.

Value index

B.

Cost/benefit analysis

C.

Cost/worth analysis

D.

Cost/function analysis

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