A. A list of proposal owners
B. The timescale for the inclusion of proposals
C. A mechanism for review should progress fall below expectations
D. A risk and sensitivity analysis of proposals
A. Value Profiles and FAST diagrams
B. The method by which ideas are ranked
C. A summary of outcomes
D. Any restrictions placed on the Study
A. Focus on functions and required outcomes
B. Process information
C. Prioritize value
D. Understand and articulate value
A. Reviewing cost estimates to check for double counting
B. Meeting with key stakeholders to gain consensus on MoV Study objectives
C. Collating information gathered to date and documenting any analysis already conducted
D. Deciding to implement part of a Value Improving Proposal
A. The MoV Study Team
B. Programme owners or Project Sponsors and End Users
C. Functional experts
D. The project team
A. MoV is running only on a project-by-project basis
B. The scale of MoV applications become large and frequent enough to justify an internal delivery capability
C. The organization anticipates that their MoV needs will be minimal and external resource can be procured on an 'as-needed' basis
D. Senior Management ask to be convinced of the merits of MoV before committing to the process
A. The Value Drivers should be prioritized before identifying the functions
B. The first step should be to define the MoV Study objectives
C. The final step should be to develop the Value Improving Proposals
D. The Implementation Plan should be agreed before setting targets for benefits improvement
A. Products and services with a high value score
B. IT projects
C. Lobbying for support
D. Policy-making
A. 2,3,4
B. 1,2,4
C. 1,3,4
D. 1,2,3
A. A consistent process, rigidly applied is essential to realize value
B. Value can only be realized if there is a focus on needs rather than desires
C. Value is subjective and without a deliberate approach will NOT be fully realised
D. Value can only be realized when focusing on minimizing cost
