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A. MoV Policy

B. MoV Project Plan

C. MoV Implementation Strategy

D. Value Improving Proposal

A. Approved value improving proposals

B. A list of rejected ideas

C. Plans to develop selected ideas into value improving proposals

D. A list of ideas or options that should be developed further

A. It creates a focus on comparison of the benefits that MoV could deliver over the long term with the cost of a MoV Study

B. It is used to assess the Value Index

C. In Studies of process or procedure, it can be combined with many other tools, e.g. process-mapping and option selection

D. It is used to establish discounted cash flow for Value Improving Proposals

A. The organization anticipates that their MoV needs will be minimal and external resource can be procured on an 'as-needed' basis

B. The scale of MoV applications become large and frequent enough to justify an internal delivery capability

C. Senior Management ask to be convinced of the merits of MoV before committing to the process

D. MoV is running only on a project-by-project basis

A. Apply MoV throughout the investment decision

B. Tailor MoV activity to suit the subject

C. Frame the programme or project

D. Understand and articulate value

A. More than 30 to 1

B. Less than 20 to 1

C. Less than 30 to 1

D. Less than 10 to 1

A. It removes resources from consideration when reviewing organizational needs

B. It facilitates optimal balance between investment and long-term operating expenditure

C. It supports decision-making based on minimizing value for money

D. It encourages innovation outside of an organization's goals

A. Value Metrics

B. Design solutions

C. Project goals

D. Design Considerations

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

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

C. To maintain business profitability

D. To ensure selected tools and techniques are still appropriate

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

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

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

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