Download MoV Foundation - Management of Value Exam.MOVF.Pass4Success.2026-05-11.91q.tqb

Vendor: PEOPLECERT
Exam Code: MOVF
Exam Name: Management of Value Foundation (EX0-006)
Date: May 11, 2026
File Size: 265 KB
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Demo Questions

Question 1
Which statement about MoV Principles is true?
  1. They provide a prescriptive framework for an organization to apply when using MoV
  2. They are industry-specific
  3. An organization should use the Principles to develop their own policies and processes
  4. NOT all Principles will apply to all projects
Correct answer: C
Question 2
Which MoV document contains a detailed evaluation of options for value improvement?
  1. MoV Project Plan
  2. Value Improving Proposal
  3. MoV Study Handbook
  4. MoV Progress Report
Correct answer: B
Question 3
When formulating MoV Study Plans, which proposition is true?
  1. Environmental influences present inherent conflicts which can be reconciled through MoV
  2. Legal requirements rarely affect perceptions of value
  3. Technology developments are uncertain and so the possible impact on value is unknown
  4. It is unnecessary to understand what other organizations are doing
Correct answer: A
Question 4
Which is a correct distinction between Value Engineering and Value Analysis?
  1. Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products
  2. Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes
  3. Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets
  4. Value Analysis and Value Engineering, while similar, differ in that they employ different process steps
Correct answer: A
Question 5
Why is it essential to manage value deliberately?
  1. Value is subjective and without a deliberate approach will NOT be fully realised
  2. Value can only be realized when focusing on minimizing cost
  3. Value can only be realized if there is a focus on needs rather than desires
  4. A consistent process, rigidly applied is essential to realize value
Correct answer: A
Question 6
When would MoV NOT be of use?
  1. When determining the value of a decommissioned asset
  2. During the transition of an asset into the operational environment
  3. When an asset is in the operational environment
  4. During the delivery stage of a project
Correct answer: A
Question 7
What is used to assess whether a particular Value Driver represents good value for money?
  1. Value index
  2. Cost/benefit analysis
  3. Cost/worth analysis
  4. Cost/function analysis
Correct answer: D
Question 8
How many phases does the MoV Value Engineering Job Plan contain?
  1. Six
  2. Ten
  3. Twelve
  4. Eight
Correct answer: D
Question 9
What is obligatory in MoV?
  1. Seven principles which are obligatory for good practice
  2. Eight main groups of processes which are described in detail
  3. One core requirement to embed MoV across the organisation
  4. Two function analysis techniques which must be applied
Correct answer: A
Question 10
Which is a valid criterion for assessing the return on investment of an MoV Study?
  1. Completed on time
  2. Delivers a reduction on cost
  3. MoV processes being followed
  4. Completed within budget
Correct answer: B
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