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MoV Exam Simulator by Miroslaw Dabrowski
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Created by Miroslaw Dabrowski

MoV® Foundation Exam Simulator

multiple choice exam (ABCD)
one correct answer per question
# of questions: 50 | 50% to pass (25)
duration: 40 minutes

Copyright © Mirosław Dąbrowski

1 / 50

1. Which is the correct distinction between Value Engineering and Value Analysis?

2 / 50

2. Which is NOT required for a top-down approach to introducing MoV to an organization?

3 / 50

3. Which statement about the application of the 7 MoV process stages is TRUE?

4 / 50

4. Which will be included in the MoV Project Plan?

5 / 50

5. Which is NOT part of embedding MoV?

6 / 50

6. Which is a MoV process?

7 / 50

7. Which document, prepared during an MoV Study, includes developed recommendations for improving value in a project?

8 / 50

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

9 / 50

9. Which statement regarding a value-improving proposal is TRUE?

10 / 50

10. What is the worth of a Function in function cost analysis technique?

11 / 50

11. Which statement regarding the Value Cascade is TRUE?

12 / 50

12. What are the key activities involved in the "Process Information" process?

13 / 50

13. Why should MoV align with an organisation's objectives?

14 / 50

14. Which technique would you use to understand "business as usual'?

15 / 50

15. Which is MOST appropriate when estimating costs where the scope is uncertain?

16 / 50

16. Which statement regarding the steps in the Generic MoV Study Plan is TRUE?

17 / 50

17. Which describes the brainstorming technique?

18 / 50

18. Which is NOT an area where it is necessary to strike a balance to maximize value?

19 / 50

19. Which is NOT a recommended action in constructing an Option Evaluation Matrix?

20 / 50

20. Which is a key component of the Frame the Programme or Project process?

21 / 50

21. When should the Delphi technique be used?

22 / 50

22. Which MoV document contains a detailed evaluation of options for value improvement?

23 / 50

23. Which is NOT a key element of stakeholder consultation?

24 / 50

24. During which MoV process would Stakeholder Analysis first be undertaken?

25 / 50

25. What are potential options usually evaluated against?

26 / 50

26. Which is the main reason that a MoV Project Plan needs to be reviewed when the Business Case changes?

27 / 50

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

28 / 50

28. What would you NOT expect to find in a hospital's value profile or value index?

29 / 50

29. Which approach can hide/mask opportunities for innovation when benchmarking?

30 / 50

30. How is cost-benefit analysis (CBA) applied during an MoV Study?

31 / 50

31. Which of the following cost types would be considered in calculating discounted cash flow (DCF)?

  1. Capital or one-off costs
  2. Periodic maintenance costs
  3. Regular operational costs
  4. Opportunity costs

32 / 50

32. Which statement regarding the MoV processes is TRUE?

33 / 50

33. In which situation should caution be used in deciding whether to apply MoV?

34 / 50

34. How many types of value mismatches can the Analysis phase of the Value Engineering Job Plan reveal?

35 / 50

35. Which would normally be recorded in the Study Scope?

36 / 50

36. What is provided by a value-improving proposal (VIP)?

37 / 50

37. What is a reason why MoV should be applied throughout the Investment Decision?

38 / 50

38. Which describes the purpose of the MoV Study Handbook?

39 / 50

39. Who should assess value priorities when creating a value profile?

40 / 50

40. To understand an organization's culture, which would be MOST HELPFUL for a MoV Study Leader to understand?

41 / 50

41. What is the first step in the MoV Project Plan?

42 / 50

42. Which statement about MoV Principles is TRUE?

43 / 50

43. Which is a TRUE statement describing the brainstorming technique?

44 / 50

44. Which statement regarding value-improving proposals is FALSE?

45 / 50

45. Which statement regarding the delivery of value is TRUE?

46 / 50

46. Which is the purpose of the MoV Project Plan?

47 / 50

47. Which is part of the "Follow-up" phase of the Value Engineering Job Plan?

48 / 50

48. How are Value Drivers used when creating a Value Tree?

49 / 50

49. Which is an MoV Principle?

50 / 50

50. When should MoV be embedded into an organization using a formal/top-down approach?

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Free stuff

Download, free materials from MoV® like Reference Cards, White Papers, and Articles, as well as the OGC Gateway™ Review Process Workbooks.

Also, take a look at the MoV® Interactive Mind Map.

Materials

Question Bank

See the question distribution graph across PEOPLECERT MoV® categories in the question bank.

You must be proficient in those categories to pass the official PEOPLECERT MoV® Foundation exam.

Categories

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PEOPLECERT MoV Foundation exam simulator by Miroslaw Dabrowski

MoV® Foundation exam questions and answers

Questions categorized according to Management of Value Foundation exam Syllabus

Management of Value (MoV®) Materials

Additional links and materials for download on PEOPLECERT MoV®

The MoV® Interactive Mind Map

The study guide mind map for the Management of Value (MoV®) outlines key concepts and principles of value management. It includes sections on the definition and purpose of MoV®, principles, processes, and techniques used in value management, organizational contexts, and implementing MoV®. The map highlights the importance of understanding stakeholder needs, optimizing resources, and maximizing value in projects and portfolios. It also guides tailoring the MoV® approach to different environments and ensuring continuous improvement.

The MoV® Syllabus

The document was created with training companies in mind, so-called Accredited Training Organizations (ATOs). It provides information on the scope of Management of Value exams, thereby allowing for the design of training and training materials following the requirements of PEOPLECERT so that the training and materials fully prepare candidates for Foundation and Practitioner exams.

Why should I read the MoV® Syllabus?

So what value does this provide for you? By reading the teaching syllabus, you will learn about the scope of MoV® exam questions for MoV® Foundation and MoV® Practitioner exams, and thus, which topics (and to what extent) from the official MoV® Handbook are covered in the exams, and which are not. For example, not everyone knows that the Foundation exam does NOT cover the entire textbook.

Official Handbook
Amazon

Management of Value

The official MoV® qualification/exams (Foundation and Practitioner) AND official, accredited MoV® courses are entirely based ONLY on the content covered in the publication below:

  • Title: MoV® – Management of Value
  • Pages: 161
  • ISBN-10: 0113312768
  • ISBN-13: 978-0113312764
Michael Dallas: The Lead Author of the framework "Management of Value" V1 (MoV® V1)

The MoV®
Lead Author

Michael Dallas

The OGC Gateway™ Process

Step 0 of OGC Gateway™ Process - Review 0: Strategic Assessment

This Workbook supports OGC Gateway Review 0: Strategic Assessment. This is a programme-only Review that sets the programme in the wider policy or corporate context. This Review investigates the direction and planned outcomes of the programme, together with the progress of its constituent projects. It can be applied to any type of programme, including policy and organisational change. The Review is repeated throughout the life of the programme from start-up to closure; an early OGC Gateway Review 0 is particularly valuable as it helps to confirm that the way forward is achievable before plans have been finalised.

Step 1 of OGC Gateway™ Process - Review 1: Business Justification

This Workbook supports OGC Gateway Review 1: Business Justification. This is the first project Review, which investigates the Strategic Business Case and proposes a way forward to confirm that the project is achievable and likely to deliver what is required. The Review checks that: stakeholders approve of the intended benefits of the project, linkage with the programme and organisational objectives is clear, the optimum balance of cost, benefits and risk has been identified.

Step 2 of OGC Gateway™ Process - Review 2: Delivery Strategy

This Workbook supports OGC Gateway Review 2: Delivery Strategy. This Review investigates the assumptions in the Outline Business Case and the proposed approach for delivering the project. If there is a procurement, the delivery strategy will include details of the sourcing options, proposed procurement route and supporting information. The Review will also check that implementation plans are in place.

Step 3 of OGC Gateway™ Process - Review 3: Investment Decision

This Workbook supports OGC Gateway Review 3: Investment Decision. This Review investigates the Full Business Case and the governance arrangements for the investment decision to confirm that the project is still required, affordable and achievable. The Review also checks that implementation plans are robust.

Step 4 of OGC Gateway™ Process - Review 4: Readiness for Service

This Workbook supports OGC Gateway Review 4: Readiness for Service. This Review investigates the organisation’s readiness to make the transition from the specification/solution to implementation; where appropriate it will assess the capabilities of delivery partners and service providers. The Review also confirms that ownership of the project is identified after handover to operational services.

Step 5 of OGC Gateway™ Process - Review 5: Operations Review and Benefits Realisation

This Workbook supports OGC Gateway Review 5: Operations Review and Benefits Realisation. This Review confirms that the benefits set out in the Business Case are being achieved and that the operational service (or facility) is running smoothly. The Review is repeated throughout the life of the service, with the first Review typically 6-12 months after handover to the new owner and a final Review shortly before the end of a service contract. The Review can also be used on a one-off basis, to check that a project has delivered its intended outputs.

Quality is a habit (Aristotle)

A habit backed by 20 years as a trainer and 15 years as an Enterprise Agile Transformation Leader

"Some exam simulators, those lacking explanations to questions and answers, one could say that they test our intellect in an intriguing way 😎, interpreting the principle: "No Feedback, No Learning". Learning is based largely on feedback. Here is the irony, some simulators, both free and paid, do not provide any feedback whatsoever.”

Paulo CoelhoWhen he was preparing for the MoV® exam

After over 20 years in IT and personally clearing more than 200 certifications in IT, InfoSec, management, coaching, mentoring, and training, 15 of which have been in Agile Transformations, Agile Leadership and Governance, and more than 10 years as an Accredited MoP®, MSP®, PRINCE2®, PRINCE2 Agile®, M_o_R®, MoV®, P3O®, ITIL® trainer, it’s time to give something back to the community. Just as many great people helped me along the way, I want to contribute to the community, because the truth is that none of it matters if you don’t share and help others.

AXELOS Subject Matter Expert

AXELOS Subject Matter Expert logo

As a subject matter expert, I am dedicated to promoting standards both globally and in Poland. I assist organizations in integrating the processes outlined in AXELOS best practices with other processes within the client’s organization. I also translate and review translations of AXELOS products, ensuring quality, consistency, and compliance with industry terminology and the specific requirements of each country.

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I Belive in Agnostic Agile

Being “agile agnostic” refers to an approach to Agile methodologies that is not tied to a specific framework or set of practices (yet being fluent in most if not all of them). Instead, it emphasizes the core principles and values of Agile as outlined in the Agile Manifesto, applying them in a flexible and context-sensitive manner.

Finalist of Agile Awards 2015

Anyway, I’m trying to say that I’ve invested more than 15 years of my professional and private time in this ‘Agile stuff.’ It’s time to give something back to the community. Many great people have helped me along the way, and I want to contribute to the community. I believe that none of it matters if you don’t share and help others.

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Don't be fooled by MoV® exam dumps

I hope you will find my exam simulator valuable on your journey. The simulator is not just a tool to help you pass your upcoming MoV® Foundation exam, but also to learn and understand the knowledge areas associated with the specific domain you are studying. Passing an exam shouldn’t be the ultimate goal in itself but rather a checkpoint in your never-ending self-development journey. The goal of the MoV® Exam Simulator is to provide you with as much learning feedback as possible, so you won’t waste your time memorizing questionable MoV® exam dumps or shady MoV® question databases with no prior verification of correct answers and with no rationals to questions.

Don’t hesitate to contact me if you have any questions. Moreover, should you encounter any issues, bugs, or typos in the exam, your assistance in enhancing the simulator would be greatly appreciated. Please utilize the pink icon during the exam (under the navigation buttons) to submit any problematic questions for review.

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