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

ABenchmarking

BWeighting techniques

CMoV health check

DProcess mapping

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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

When should the Delphi technique be used?

ATo get a range of expert opinions

BTo develop scenarios

CTo generate ideas

DTo build consensus

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Question: 5

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