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MOVF Questions and Answers

Question # 1

Which would NOT be used to estimate the operating and running costs for a new IT system?

A.

The operating costs of a similar IT implementation

B.

The current daily rate of specialist skills required to operate the system

C.

An estimate of how many staff would be required to run the new system

D.

The total expenditure on MoV Studies

Question # 2

What is the first step in the MoV Project Plan?

A.

Gather and analyze information

B.

Prioritize Value Drivers and develop Value Profile

C.

Identify the processes to be used

D.

Define the study objectives

Question # 3

What is provided by a Value Improving Proposal (VIP)?

A.

Information which the decision-makers need in order to decide whether to implement the VIP in full, partially, or not at all

B.

A detailed record of the existing situation that the VIP is intended to improve, including the functions carried out

C.

Information which Senior Management needs in order to implement the VIP

D.

A detailed implementation plan for each VIP

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