EXIN Management of Value® Foundation - EX0-006 Exam Questions [2026]

QUESTION NO: 1
Why is it essential to manage value deliberately?

A. Value is subjective and without a deliberate approach will NOT be fully realised B. Value can only be realized if there is a focus on needs rather than desires C. A consistent process, rigidly applied is essential to realize value D. Value can only be realized when focusing on minimizing cost

Correct Answer: A

QUESTION NO: 2
Which is an alternative term for Value Engineering?

A. Value Analysis B. Value Profile C. Value Driver D. Value Score

Correct Answer: A

QUESTION NO: 3
Which is a MoV process?

A. Focus on functions and required outcomes B. Tailor MoV activity to suit the subject C. Learn from experience and improve D. Frame the programme or project

Correct Answer: D

QUESTION NO: 4
Which technique focuses on underlying issues, rather than solving specific problems?

A. Cost Function Analysis B. Value Profiling C. Soft Systems Methodology D. Root Cause Analysis

Correct Answer: D

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QUESTION NO: 5
Which is NOT required for a top-down approach to introducing MoV to an organization?

A. Establishing an internal resource skilled in the application of MoV B. Providing guidance on how MoV will be used on projects C. Developing procedures for data capture and feedback D. Setting up a strategy for implementing MoV Policy

Correct Answer: A

QUESTION NO: 6
Which is NOT a purpose of the Decision Building meeting when Developing Value Improving Proposals?

A. To supply project managers with details of how and when Value Improving Proposals will be implemented and the expected value improvements (or benefits) B. To discuss the findings of each Value Improving Proposal and agree whether or not it should be implemented in whole or in part C. To allocate an owner who is responsible for the implementation of each of the Value Improving Proposals selected D. To enable owners of Value Improving Proposals to present their suggestions to a panel of senior managers

Correct Answer: A

QUESTION NO: 7
When formulating MoV Study Plans, which proposition is true?

A. Technology developments are uncertain and so the possible impact on value is unknown B. It is unnecessary to understand what other organizations are doing C. Legal requirements rarely affect perceptions of value D. Environmental influences present inherent conflicts which can be reconciled through MoV

Correct Answer: D

QUESTION NO: 8
In which situation should caution be used in deciding whether to apply MoV?

A. Products and services with a high value score B. Policy-making C. Lobbying for support D. IT projects

Correct Answer: A

QUESTION NO: 9
What does the Function Analysis Systems Technique produce?

A. A detailed proposal to improve value B. A diagram representing functions and their hierarchy C. An analysis of current equivalent values of future cash flows D. A diagram showing information flows and responsibilities

Correct Answer: B

QUESTION NO: 10
Which is a benefit of the MoV Study Leader reporting to the Programme Manager?

A. It enables the Programme Manager to report to the Senior MoV Practitioner and MoV Board on lessons learned B. It enables the Programme Manager to pass valuable lessons learned during one project on to other projects C. It replaces the need to involve the Project Sponsor in MoV Studies who may be busy D. It eliminates the need for regular meetings of the Senior MoV Practitioner and Study Leaders

Correct Answer: B