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EX0-006 Exam Questions & Answers

Exam Code: EX0-006

Exam Name: Management of Value Foundation Exam

Updated: Nov 11, 2024

Q&As: 99

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Practice These Free Questions and Answers to Pass the MoV Exam

Questions 1

Which statement regarding the MoV processes is true?

A. All processes will be used at all stages in a project lifecycle

B. MoV activities change as a project evolves from inception to use

C. They are only applicable to project environments

D. They are most applicable at the inception stage of a project

Show Answer
Questions 2

Which method provides a good checklist for communication during an MoV study?

A. Brainstorming

B. Five Ws and an H

C. Function Analysis

D. Cost/Worth

Show Answer
Questions 3

Which is NOT an area where it is necessary to strike a balance in order to maximize value?

A. Reconciling the needs and views of different stakeholders

B. Balancing capital and operating costs

C. Balancing the use of resources to reflect their availability and the organization's priorities

D. Balancing the overall benefits realized against the use of resources

Show Answer
Questions 4

Which is NOT a reason why it becomes more difficult to implement changes identified by a MoV Study as a project progresses?

A. Sunk costs increase as a project progresses

B. Project team members gain increased ownership of their work

C. Resistance to change increases

D. Project objectives are less clear

Show Answer
Questions 5

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

A. Evaluation

B. Information

C. Creative

D. Development

Show Answer

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