PeopleCert MOVF Quiz 2 Topic 2 Questions 6-10

Question: 1

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

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

BAll new policies, programmes and projects should be subject to comprehensive but proportionate assessment

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

DIt assesses the benefits of implementing a proposal against the risk that the VIP may fail

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Question: 2

Which statement regarding Value Improving Proposals is FALSE?

AA Study can combine multiple Value Improving Proposals to form different scenarios

BA Study may generate multiple Value Improving Proposals with conflicting recommendations

COnly one Value Improving Proposal should be implemented per Study

DA Value Improving Proposal should be tested for sensitivity of estimated costs and benefits

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Question: 3

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

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

BAll new policies, programmes and projects should be subject to comprehensive but proportionate assessment

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

DIt assesses the benefits of implementing a proposal against the risk that the VIP may fail

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Question: 4

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

ABenchmarking

BWeighting techniques

CMoV health check

DProcess mapping

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Question: 5

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

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

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

CInformation which Senior Management needs in order to implement the VIP

DA detailed implementation plan for each VIP

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PeopleCert MOVF Quiz:2 Topic:2 Questions:6-10