EXIN EX0-006 Exam Questions & Answers

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Questions 1

Why may cost benefit analysis (CBA) be applied when developing a Value Improving Proposal (VIP)?

A. It compares the initial magnitude of cost of an MoV Study with the long term benefits it will deliver

B. All new policies, programmes and projects should be subject to comprehensive but proportionate assessment

C. It is used in conjunction with discounted cash flow to ensure that the lowest cost VIP is always selected

D. It assesses the benefits of implementing a proposal against the risk that the VIP may fail

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Questions 2

Which statement regarding prioritizing value is true?

A. A project can be successful even if it delivers only the Value Drivers classed as critical

B. Prioritizing value should be based only on financial Value Drivers

C. Value Drivers will normally be allocated different levels of importance

D. Prioritizing value should be carried out with members of the project team rather than the project's end users

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Questions 3

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

A. To maintain business profitability

B. To ensure that the choice of team members is still appropriate

C. To ensure selected tools and techniques are still appropriate

D. To ensure that the Value Profile reflects the changed needs of the business

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