Free EXIN MOVF Exam Dumps Questions & Answers

Which is the first phase in the Value Engineering Job Plan?

• A.  Development
• B.  Creative
• C.  Evaluation
• D.  Information

Which statement regarding the Function Analysis Systems Technique is true?

• A.  Functions should describe the features of a product rather than what it does
• B.  Moving from the Higher Order Function to the Primary Basic Function answers the question "How do we do this?"
• C.  A Primary Basic Function consists of one or more Higher Order Functions
• D.  A Primary Basic Function consists of one or more Primary Supporting Functions

How are Value Drivers used when creating a Value Tree?

• A.  Value Drivers are linked (as roots) to a statement of SMART objectives (the tree trunk)
• B.  The Value Tree is derived from the Value Profile after prioritising the Value Drivers
• C.  Primary Value Drivers are linked to statements describing design considerations which in turn are linked to a statement of objectives
• D.  Value Drivers describe the physical elements of the project in the Value Tree

How is cost benefit analysis applied during an MoV Study?

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

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