A. Select criteria

B. Define scale of improvement required and sensitivity ranges

C. Set targets

D. Establish weights for relative importance

A. 1,2,4

B. 1,3,4

C. 2,3,4

D. 1,2,3

A. To maximise benefits arising from the project

B. To meet stakeholder expectations

C. To minimise the costs of delivering the project

D. To avoid maximising value within one project that could diminish value across the wider programme

A. Support from senior managers

B. A separate level of management which is set up to focus on MoV activities

C. A Senior MoV Practitioner who is part of the MoV Board

D. An MoV Study Leader who is appointed as part of each project team

A. Discounted Cash Flow

B. Brainstorming

C. Value Improving Proposal

D. Value Tree

A. To test early models or prototypes before a design is fixed

B. To provide a means of prioritizing stakeholders

C. To describe the purpose of a series of MoV Studies throughout a project

D. To provide information to aid decision-makers when deciding whether to authorize a project

A. The owner, responsible for implementation, has already been determined by the MoV team before the meeting.

B. Attendees should be limited to the senior responsible person, project manager and project sponsor

C. It should be chaired by the senior responsible owner.

D. Decisions from the meeting should form the basis of the proposal implementation plan

A. implemented

B. It assigns Proposal Owners to all development proposals

C. It ensures that the Study Team are all working from the same level of information

D. It helps to ensure that the requirements of the Project Sponsors and end users are aligned

E. It allows Senior Managers to objectively review proposals to determine which should be

A. A detailed implementation plan for each VIP

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

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

D. Information which Senior Management needs in order to implement the VIP

A. All processes will be used at all stages in a project lifecycle

B. They are only applicable to project environments

C. They are most applicable at the inception stage of a project

D. MoV activities change as a project evolves from inception to use