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MOVF – Management of Value® Foundation

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Showing 7–9 of 10 questions

Question 7 (Volume A)

Which statement regarding the Function Analysis Systems Technique is true?

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    Functions should describe the features of a product rather than what it does
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    A Primary Basic Function consists of one or more Higher Order Functions
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    A Primary Basic Function consists of one or more Primary Supporting Functions
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    Moving from the Higher Order Function to the Primary Basic Function answers the question "How do we do this?"
Question 8 (Volume A)

How is cost benefit analysis applied during an MoV Study?

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    In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection
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    It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study
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    It is used to establish discounted cash flow for Value Improving Proposals
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    It is used to assess the Value Index
Question 9 (Volume B)

Which three criteria explain why the MoV individual competence model is useful to an organisation?

1. To assess an individual's capabilities and the type of MoV study for which they are suited.

2. To recognise that a fully but recently qualified practitioner will lack the experience to undertake studies on particularly complex projects.

3. To enable recently qualified practitioners to learn to undertake MoV where human and cultural factors may be significant.

4. To allow recently qualified practitioners to undertake studies on particularly complex projects.

Select an option, then click Submit answer.

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    1, 2, 3
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    1, 2, 4
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    1, 3, 4
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    2, 3, 4