MoV® Foundation

The MoV® Foundation course is designed to provide the fundamental knowledge about the overall structure of value management and principles, processes and techniques of MoV®. The two-day course enables the delegates to manage optimal utilization of the available resources and increase the benefits from projects, programs and portfolios. The course introduces delegates to the MoV® methodology and implementation of MoV® processes to improve the value within the accomplishment of project and program objectives set in the organisation and also meet the requirements of the stakeholder. The course equips the delegates with the in-depth knowledge of key benefits gained by implementing MoV® principles and enable them to contribute to an improvement in policy making and decision making. Throughout the course, the delegates will learn about the MoV® environment, MoV® approaches, MoV® implementation and embedding MoV®.

The MoV® Foundation course empowers delegates to assist their organisation to concentrate on enhancing value and overcome the barriers while implementing value management techniques and processes in project, program and operational environment. These further assist the delegates to accomplish transformational change more quickly, maximise return on investments and meet the increasing needs with available resources without compromising on quality.

Key Information of MoV® Foundation Exam:

The course helps the delegates for gaining the certification of MoV® Foundation course. The delegates will receive a MoV® Foundation certificate on the completion of the course. In the Foundation exam, the delegates need to achieve 50% to pass. After passing the Foundation exam, the delegates who are interested in MoV® Practitioner they will be able to enrol for MoV® Practitioner course and exam. Details of the exam as follows:

• Type: Multiple choices
• Duration: 40 minutes
• Closed book exam
• Total 50 questions

Overview of MoV®

• What is Value?
• Define MoV®
• Understand the requirement of MoV®
• Study relationship to other Management Methods

Discuss Seven Principles of MoV®

• Coordinate with Objectives set in the organisation
• Concentrate on Functions and Required Outcomes
• Enhance the value by balancing variables
• The Investment Decision
• Adjust to suit the Subject
• Learn From Past Experience and Enhance Performance
• Allocate Roles and Responsibilities
• Develop a Supportive Culture

MoV® Approach and Implementation

• Explain the generic process around which a study can be structured
• Describe the relationships between the MoV® leader and the rest of the team

MoV® Environment

• Describe the external and internal factors affecting MoV® policies and strategies
• Description of the considerations for the portfolio, project, program and operational environments

MoV® Embedding

• Describe the embedding process
• Advantages of embedding MoV®
• Key steps involved in embedding MoV®
• Roles and responsibilities required while applying MoV®
• Reduce the weaknesses while implementation

The 7 MoV® Processes

• Design a Program or Project
• Collect required Information
• Analyse Information
• Process Information
• Assess & Select
• Create Value Improving Proposals
• Implement & Share Outcomes

Common techniques used in MoV®

• Analysis of information
  • Describe Benchmarking
  • Understand Process Mapping
  • What is Root Cause Analysis?
  • What is Discounted Cash Flow Analysis?
• Developing Ideas
  • Describe Brainstorming
• Evaluation and option selection
  • Describe Option Selection Matrix
  • Idea selection
    • Allocation to Categories
    • Idea Selection Matrix
  • Weighting techniques
    • Define Paired Comparisons
    • Define Points Distribution
  • Developing VIPs
    • Creating Proposals
    • Define Cost-Benefit Analysis
    • Developing Decisions
  • Implementing VIPs
    • Implementation Plans
    • Gathering Feedback
  • Following up
    • Monitoring Benefits

Implementing MoV®

• Devising activities of MoV®
• Respond To Internal and External Influences
• Describe Portfolio, Program and Project Considerations
• Explain Operational Considerations
• Embedding MoV® into an organisation

MoV® Techniques

• New methods used in MoV®
• Describe techniques and strategies used within MoV®
• What is Function Analysis?
  • Describe Function Analysis System Technique (FAST)
  • Understand Traditional FAST
  • What is Technical FAST?
  • What is Customer FAST?
• Describe Value Trees
• Measuring value
  • Define Value profiling (value benchmarking)
  • Simple multi-attribute rating technique (SMART)
  • Value index
  • Value metrics
  • Value for money ratio
  • Value Engineering / Analysis

Approach to Implementation

• Describe Generic approach to MoV® implementation
• Create the MoV® activities
• Understand and articulate value
• Prioritize value
• Improve value
• Quantify value
• Monitor improvements in value