MOVF practice question 20 of 35
Who should be responsible for developing a value-improving proposal?
Full set: 100 questionsThe Management of Value (MoV) methodology emphasizes clear accountability to ensure that promising ideas are properly developed. During the 'Refine' phase of the MoV process, each selected value-improving idea is allocated an 'owner'. This individual is formally tasked with the responsibility of leading the development of that idea into a detailed, robust proposal. The owner coordinates the necessary activities, gathers information from experts, and ensures the proposal is comprehensive and ready for presentation to decision-makers. This approach ensures focused effort and clear ownership for each potential improvement.
A. The MoV team collaborates on generating and evaluating ideas, but assigning development to the entire team diffuses responsibility and lacks clear accountability.
B. A functional manager may be involved or even assigned as the owner, but the responsibility is formally designated to the 'allocated owner', not automatically to a manager.
D. A technical expert provides crucial input and analysis, but the overall responsibility for coordinating and driving the proposal's development rests with the allocated owner.
1. AXELOS. (2010). Management of Value. The Stationery Office (TSO).
Reference Point: Chapter 7, Section 7.4.3, "Develop the proposals," states, "Each proposal should be allocated an owner who is responsible for its development. The owner will need to draw on the expertise of others to develop the proposal..." This directly supports that the allocated owner holds the responsibility.
2. AXELOS. (2010). Management of Value. The Stationery Office (TSO).
Reference Point: Appendix C, "Roles and Responsibilities," while not listing a specific "proposal owner" role, reinforces the principle of assigning clear responsibilities for tasks within the MoV process, which is embodied by allocating an owner to a proposal. The Team Leader/Facilitator ensures this allocation happens.
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Other MOVF practice questions
- Question 2Which is NOT a key element of stakeholder consultation?
- Question 3Which is one of the three main areas where it is necessary to strike a balance to maximis…
- Question 4Which is a valid criterion for assessing the return on investment of an MoV Study?
- Question 5Which is a requirement for embedding MoV in an organization?
- Question 6How is a function described in Function Analysis in MoV?
- Question 7What are the key activities involved in the Processing Information stage?
