Which statement about applying MoV during the investment decision is true?

A. The focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached

B. MoV studies should be conducted at all key decision points to check decision making

C. When starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case

D. The focus of effort under MoV throughout the lifecycle of an investment decision should be fixed from the start so that value can be measured consistently at each stage

Which is an alternative term for Value Engineering?

A. Value Score

B. Value Profile

C. Value Driver

D. Value Analysis

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

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

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