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NO.1 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
Answer: A

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NO.2 Which describes the range of return on investment that has been demonstrated by US
Government departments as a result of the application of MoV approaches?
A. Less than 10 to 1
B. Less than 20 to 1
C. Less than 30 to 1
D. More than 30 to 1
Answer: D

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NO.3 Which is the main Study Output from the Start Up or Inception stage of a project?
A. Information to clarify a viable Brief
B. Functional definition of project
C. Information to improve the Business Case
D. Maximized value
Answer: C

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NO.4 Which is a benefit of the MoV Study Leader reporting to the Programme Manager?
A. It enables the Programme Manager to pass valuable lessons learned during one project on to
other projects
B. It eliminates the need for regular meetings of the Senior MoV Practitioner and Study Leaders
C. It replaces the need to involve the Project Sponsor in MoV Studies who may be busy
D. It enables the Programme Manager to report to the Senior MoV Practitioner and MoV Board on
lessons learned
Answer: A

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NO.5 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
Answer: D

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NO.6 Which statement about applying mind showering in MoV is true?
A. Uses the cost model as a guide to focus on idea generation
B. Discourages foolish ideas
C. Focuses on idea quality NOT quantity
D. Ensures that all ideas are made visible
Answer: D

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NO.7 What is the principal output from allocation to categories and the idea selection matrix?
A. A list of rejected ideas
B. A list of ideas or options that should be developed further
C. Plans to develop selected ideas into value improving proposals
D. Approved value improving proposals
Answer: B

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NO.8 What is obligatory in MoV?
A. Seven principles which are obligatory for good practice
B. Eight main groups of processes which are described in detail
C. One core requirement to embed MoV across the organisation
D. Two function analysis techniques which must be applied
Answer: A

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