A. Communication flowing from collaborative feedback enhances the effectiveness of MoV and helps build an appropriate culture
B. The Proposal Owners are NOT responsible for ensuring that their proposals are implemented
C. The Proposal Implementation Plan provides the project managers with details of the expected value improvements (or benefits)
D. The Proposal Implementation Plan enables project managers to monitor and manage the implementation process
A. To discuss the findings of each Value Improving Proposal and agree whether or not it should be implemented in whole or in part
B. To enable owners of Value Improving Proposals to present their suggestions to a panel of senior managers
C. To allocate an owner who is responsible for the implementation of each of the Value Improving Proposals selected
D. To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits)
A. Brainstorming
B. Function Analysis
C. Five Ws and an H
D. Cost/Worth
A. Two function analysis techniques which must be applied
B. One core requirement to embed MoV across the organisation
C. Eight main groups of processes which are described in detail
D. Seven principles which are obligatory for good practice
A. It is developed before an Option Evaluation Matrix
B. It is based on detailed analysis of selected ideas or options
C. It provides information to feed into the MoV Policy
D. It is an idea-generation technique
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. Soft Systems Methodology
B. Value Profiling
C. Root Cause Analysis
D. Cost Function Analysis
A. Technology developments are uncertain and so the possible impact on value is unknown
B. It is unnecessary to understand what other organizations are doing
C. Legal requirements rarely affect perceptions of value
D. Environmental influences present inherent conflicts which can be reconciled through MoV
A. Information
B. Evaluation
C. Creative
D. Development
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
