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

Which is an MoV Principle?

A. Understand and articulate value

B. Process information

C. Focus on functions and required outcomes

D. Prioritize value

Which would normally be recorded in the Study Scope?

A. Any restrictions placed on the Study

B. A summary of outcomes

C. The method by which ideas are ranked

D. Value Profiles and FAST diagrams

During which MoV process would Stakeholder Analysis first be undertaken?

A. Analyze Information

B. Develop Value Improving Proposals

C. Evaluate and Select

D. Frame the Programme or Project

Which should determine the focus for a creativity session?

A. Cost analysis

B. Function cost analysis

C. Individuals should be free and encouraged to determine their own focus

D. Inadequate performance

Who should be responsible for developing a value-improving proposal?

A. The MoV team as a whole

B. The most relevant functional manager

C. The allocated owner of the value improving proposal

D. A technical expert nominated by the allocated owner

Which statement regarding the delivery of value is true?

A. Benefits management focuses on maximizing benefits

B. If used, benefits management should be unrelated to the outputs of a MoV Study

C. Rewards linked to achievement of value improvements may be used to motivate staff in MoV

D. A formal benefits management process must be used to monitor value improvements

Which statement about the application of the 7 MoV process stages is true?

A. All MoV process stages must be adopted for any MoV Study if it is to be fully effective

B. The Gather Information process only needs to be undertaken for the first MoV Study in a project

C. Some processes will be used at many stages, others only in specific stages

D. Lessons learned MoV studies should only be undertaken at the completion of a project

Which is a key component of the Evaluate and Select process?

A. Initial briefing meeting

B. Team selection

C. Resource analysis

D. Idea selection

What does the Function Analysis Systems Technique produce?

A. A diagram representing functions and their hierarchy

B. A detailed proposal to improve value

C. A diagram showing information flows and responsibilities

D. An analysis of current equivalent values of future cash flows