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NO.1 Which technique would you use to understand "business as usual"?
A. Benchmarking
B. Weighting techniques
C. MoV health check
D. Process mapping
Answer: D

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NO.2 Which describes a purpose of the MoV Study Handbook?
A. It allows Senior Managers to objectively review proposals to determine which should be
B. implemented
C. It ensures that the Study Team are all working from the same level of information
D. It assigns Proposal Owners to all development proposals
E. It helps to ensure that the requirements of the Project Sponsors and end users are aligned
Answer: B

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NO.3 When should MoV be embedded into an organization using a formal/top-down approach?
A. The embedding of MoV is required throughout the investment decision.
B. When the scale of MoV applications become large and frequent.
C. When organizations anticipate that their MoV needs will be minimal.
D. When people engaged on other work wish to add MoV to their set of skills.
Answer: B

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NO.4 Which statement about a decision building meeting is true?
A. It should be chaired by the senior responsible owner.
B. The owner, responsible for implementation, has already been determined by the MoV team
before the meeting.
C. Decisions from the meeting should form the basis of the proposal implementation plan
D. Attendees should be limited to the senior responsible person, project manager and project
sponsor
Answer: C

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NO.5 Which is MOST APPROPRIATE when estimating costs where the scope is uncertain?
A. Wait until the scope is certain and then estimate
B. Estimate only those areas where the scope is certain
C. Start with an initial best guess estimate and update it as more information becomes
known
D. Develop a cost model and refine the scope to meet the cost model
Answer: C

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NO.6 What is the worth of a Function?
A. Its relative importance
B. The current cost of performing it
C. The lowest cost at which it could be performed
D. Its objective
Answer: C

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NO.7 Why should MoV align with an organisation's objectives?
A. To minimise the costs of delivering the project
B. To maximise benefits arising from the project
C. To meet stakeholder expectations
D. To avoid maximising value within one project that could diminish value across the wider
programme
Answer: D

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NO.8 Which will be included in the MoV Project Plan?
A. Identification of suitable candidates to lead and participate in the Studies
B. Key attributes of a proposed Study
C. Constraints applicable to a proposed Study
D. A draft function diagram
Answer: A

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