Exin MOVF Management of Value Foundation EX0-006 Set 3

Uses the cost model as a guide to focus on idea generation ✘ Discourages foolish ideas ✘ Focuses on idea quality NOT quantity ✘ Ensures that all ideas are made visible ✔

It allows Senior Managers to objectively review proposals to determine which should be ✘ implemented ✘ It ensures that the Study Team are all working from the same level of information ✘ It assigns Proposal Owners to all development proposals ✔ It helps to ensure that the requirements of the Project Sponsors and end users are aligned ✔

Analyze Information ✘ Develop Value Improving Proposals ✘ Evaluate and Select ✘ Frame the Programme or Project ✔

Benchmarking ✘ Weighting techniques ✘ MoV health check ✘ Process mapping ✔

Review the status of MoV in an organization where MoV activities could be improved ✘ Select value-improving proposals for implementation ✘ Develop an Option Evaluation Matrix ✘ Identify MoV study leaders ✔

A list of proposal owners ✘ The timescale for the inclusion of proposals ✘ A mechanism for review should progress fall below expectations ✘ A risk and sensitivity analysis of proposals ✔

Creativity ✘ Value Definition ✘ Analysis ✘ Development ✔

Evaluation ✘ Information ✘ Creative ✘ Development ✔

The organization's Value Profile ✘ What the organization does ✘ The organization's jargon ✘ The organization's business priorities ✔

To minimize the risk that maximizing value within one project could diminish value across the wider programme ✘ To ensure that evolving requirements are considered throughout the project ✘ To take up lessons learned from previous experience in order to avoid repetition of past mistakes ✘ To ensure that there is adequate governance in place to support and deliver MoV ✔