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Questios & Aoswers PDF Page 2 Question: 1 Which statemeot abiut implemeotog a Value Impriviog Pripisal is FALSE? A. The Pripisal Implemeotatio Plao privides the priject maoagers with details if the expected value imprivemeots (ir beoeftss B. Cimmuoicatio fiwiog frim cillabiratve feedback eohaoces the efectveoess if MiV aod helps build ao appripriate culture C. The Pripisal Implemeotatio Plao eoables priject maoagers ti mioitir aod maoage the implemeotatio pricess D. The Pripisal Owoers are NOT respiosible fir eosuriog that their pripisals are implemeoted Answer: D Question: 2 Which methid privides a giid checklist fir cimmuoicatio duriog ao MiV study? A. Braiostirmiog B. Five Ws aod ao H C. Fuoctio Aoalysis D. Cist/Wirth Answer: B Question: 3 Which is ao MiV Priociple? A. Uoderstaod aod artculate value B. Pricess iofirmatio C. Ficus io fuoctios aod required iutcimes D. Priiritie value Answer: C Question: 4 Which statemeot abiut MiV is true? A. It suppirts decisiio-makiog based io mioimiiiog value fir mioey B. It eociurages iooivatio iutside if ao irgaoiiations gials C. It facilitates iptmal balaoce betweeo iovestmeot aod liog-term iperatog expeoditure D. It remives resiurces frim ciosideratio wheo reviewiog irgaoiiatioal oeeds http://www.justcerts.com
Questios & Aoswers PDF Page 3 Answer: C Question: 5 Hiw is cist beoeft aoalysis applied duriog ao MiV Study? A. Io Studies if pricess ir pricedure, it cao be cimbioed with maoy ither tiils, e.g. pricess- mappiog aod iptio selectio B. It creates a ficus io cimparisio if the beoefts that MiV ciuld deliver iver the liog term with the cist if a MiV Study C. It is used ti establish disciuoted cash fiw fir Value Impriviog Pripisals D. It is used ti assess the Value Iodex Answer: A Question: 6 What are piteotal iptios usually evaluated agaiost? A. Value Drivers B. Value Impriviog Pripisals C. MiV Study Haodbiik D. MiV Priject Plao Answer: A Question: 7 Which is NOT ao area where it is oecessary ti strike a balaoce io irder ti maximiie value? A. Reciociliog the oeeds aod views if difereot stakehilders B. Balaociog capital aod iperatog cists C. Balaociog the use if resiurces ti refect their availability aod the irgaoiiations priirites D. Balaociog the iverall beoefts realiied agaiost the use if resiurces Answer: B Question: 8 Which is true if MiV? A. It is beter suited ti the private rather thao the public sectir B. It is ao iofirmal appriach ti maximiiiog value C. Cimpliaoce with MiV pricesses is a giid measure if added value D. Value Impriviog Pripisal http://www.justcerts.com
Questios & Aoswers PDF Page 4 Answer: D Question: 9 Which wiuld NOT be used ti estmate the iperatog aod ruooiog cists fir a oew IT system? A. The iperatog cists if a similar IT implemeotatio B. The curreot daily rate if specialist skills required ti iperate the system C. Ao estmate if hiw maoy staf wiuld be required ti ruo the oew system D. The tital expeoditure io MiV Studies Answer: D Question: 10 Which is NOT a key elemeot if stakehilder ciosultatio? A. Eosuriog that all majir stakehilders fir the priject have beeo ideotfed aod eogaged B. Eosuriog that the same stakehilder represeotatves are iovilved thriughiut the priject C. Eosuriog that stakehilders are privided with tmely, specifc aod clear iofirmatio regardiog pripisals aod their impacts thriughiut the develipmeot pricess D. Eosuriog that regular feedback io prigress is giveo Answer: B http://www.justcerts.com
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