AND ANSWERS SURE A+
✔✔Identify the missing word(s) in the following sentence:
Drive value is to develop [ ? ] and nurture assets based on a purposeful context to
achieve timely and strategic results.
a) Investments
b) Partnerships
c) Relationships
d) Value plan - ✔✔a) Investments
✔✔What are the elements in the drive value capability framework?
1. Value measures
2. Value optimization
3. Value discovery
4. Value realization
a) 1, 2 and 3
b) 2, 3 and 4
c) 1, 3 and 4
d) 1, 2 and 4 - ✔✔b) 2, 3 and 4
✔✔Which of the following statements about how to drive measurable improvement are
true?
1. Measuring financials provides an understanding of what matters most to leaders
regarding improvements, results, and value in general.
2. Any information gathered should be used by the BRM to identify opportunities for
improvement and define common challenges and opportunities.
a) Only 1 is true
b) Only 2 is true
c) Both 1 and 2 are true
d) Neither 1 or 2 is true - ✔✔b) Only 2 is true
✔✔Which are the elements in an idea document?
1. Identification information
2. Idea description
3. Business change /desired change
4. Value drivers
a) 1, 2 and 3
b) 2, 3 and 4
c) 1, 3 and 4
d) 1, 2 and 4 - ✔✔a) 1, 2 and 3
✔✔What is a value plan?
a) A component of the business case.
b) A document to define the idea scope, stakeholders, projected value, and impact.
,c) A document that identifies how value will be created and monitored if an idea or
opportunity is pursued.
d) A report that is used to show current value delivered and where opportunities are
for optimizing organizational value - ✔✔c) A document that identifies how value will be
created and monitored if an idea or
opportunity is pursued.
✔✔What is the role of the BRM in value realization?
a) To discover organizational value for the BRM's partners.
b) To work with the partners to ensure that value is delivered.
c) To recognize that the value results need to be validated with the partner before they
are communicated to the organization.
d) To bring the right people into the initiative at the right time to get the work
accomplished. - ✔✔b) To work with the partners to ensure that value is delivered.
✔✔Which of the following statements about value optimization are true?
1. Every step of the value framework should be looked at to identify how to improve
and adjust for the maximum benefit for people, purpose, and planet.
2. It is the BRM's responsibility to conduct all value optimization efforts.
a) Only 1 is true
b) Only 2 is true
c) Both 1 and 2 are true
d) Neither 1 or 2 is true - ✔✔a) Only 1 is true
✔✔Identify the missing word(s) in the following sentence:
The BRM must establish value attributes that are important to the organization and to
the [?]
a) BRM's partner
b) BRM's function
c) BRM's customer
d) BRM's team - ✔✔a) BRM's partner
✔✔Which is NOT an example of an intangible value?
a) Employee morale
b) Customer satisfaction
c) Increased knowledge
d) Reduced expenses - ✔✔d) Reduced expenses
✔✔Which of the following statements about how relationships drive value are true?
1. The building of partnerships ensures results being generated are supportive of the
value needs of the organization over time.
2. The BRM capability doesn't own the creation of value but owns the orchestration of
relationships.
a) Only 1 is true
b) Only 2 is true
, c) Both 1 and 2 are true
d) Neither 1 or 2 is true - ✔✔c) Both 1 and 2 are true
✔✔What is the role of the BRM in value results?
a) To show the organization and function the value that came from the initiative.
b) To discover organizational value for the BRM's partners.
c) To work with the partners to ensure that value is delivered.
d) To bring the right people into the initiative at the right time to get the work
accomplished. - ✔✔d) To bring the right people into the initiative at the right time to get
the work
accomplished.
✔✔Which are the sources of value?
1. Innovation
2. Improvement
3. Financial
4. Operational
a) 1, 2 and 3
b) 2, 3 and 4
c) 1, 3 and 4
d) 1, 2 and 4 - ✔✔d) 1, 2 and 4
✔✔Which is NOT a reason for the BRM to communicate value?
a) To improve the ability to understand priorities, identify issues, and resolve conflicts.
b) To capture a high-level view of a business idea.
c) To further understand the partner's current and future needs or expectations.
d) To identify opportunities for improvement and define common challenges and
opportunities - ✔✔b) To capture a high-level view of a business idea.
✔✔Which are the two techniques used in value discovery?
a) Idea document and business case
b) Business case and value plan
c) Idea document and value plan
d) Business case and value optimization report - ✔✔c) Idea document and value plan
✔✔Which of the following statements about the value optimization report are true?
1. It is a report used to show current value delivered and where opportunities are for
optimizing organizational value.
2. It's recommended to build a value optimization report per project.
a) Only 1 is true
b) Only 2 is true
c) Both 1 and 2 are true
d) Neither 1 or 2 is true - ✔✔a) Only 1 is true