MoV® Foundation & Practitioner

The MoV® Foundation and Practitioner course provide the essential skills and knowledge to the delegates to enhance value within the fulfilment of project and program objectives and meet the stakeholder requirements. The course introduces delegates to the world of the value management and overall structure of MoV®. The four-day course enabled the delegates to contribute positively to an improvement in policy making and decision making and also balance the growing needs with the available resources without compromising on quality. During the MoV® training program, the delegates will gain an understanding of seven MoV® principles upon which value management is based, MoV® processes and techniques for implementing the outputs and review their effective delivery and also study the need for embedding MoV® into an organisation.

The MoV® Foundation and Practitioner course provide a systematic approach to define why value management became significant for all types of organisations and how it is implemented to maximise the value across project, program or operational levels. Throughout the course, the delegates will learn how to achieve transformational change more rapidly and effectively and maximize the returns on investments.

Important details of MoV® Foundation and Practitioner Exam

The course helps the delegates for both Foundation and Practitioner exam it is mandatory to sit for both exams to gain the certifications. The Foundation exam will be conducted at the end of the second day and the Practitioner exam will be taken at the end of the fourth day. The exam verifies the capabilities of delegates required to perform the technical tasks. Details of the exams as following:

MoV® Foundation Exam

• Duration: 40 minutes
• Type: Closed Book test
• Multiple choice questions
• Total 50 questions

MoV® Practitioner Exam

• Duration: 2.5 hours
• Type: Open Book test
• Objective based testing
• 8 questions having 10 marks each
• 80 marks available

An Introduction to MoV®

• What is value?
• Define MoV®
• Understand the requirement of MoV®
• Role in the Cabinet Office Best Practice Guidance
• Relationship to other management methods

MoV® Principles

• Alignment with objectives of an organisation
• Concentrate on functions and required outcomes
• Balance the variables to enhance the value
• Implement throughout the investment decision
• Adapt to suit the subject
• Learn from past experience and strategies to improve performance
• Allocate clear role and responsibilities and create a supportive culture

MoV® Method and Execution

• Understand general process around which a study can be organised
• Analyse the relationships between the MoV® leader and the team

MoV® Environment

• Identify internal and external factors affecting policies and strategies of MoV®
• Describe the project, program, portfolio and operational environment

MoV® Embedding

• Describe the process of Embedding
• Key steps involved in embedding MoV®
• Describe the advantages of embedding MoV®
• Clarify role and responsibilities while applying MoV®
• Techniques to overcome hurdles while implementation

MoV® Processes

• Design a program or project
• Collect the required and relevant Information
• Analyse Information
• Process Information
• Assess and select
• Create value improving proposals
• Implement, share and communicate outcomes

MoV® Techniques

• Describe new techniques and methods used in MoV®
• Information Gathering
  • Define Benchmarks
  • Understand Process Mapping
  • Describe Root Cause Analysis
  • Discounted Cash Flow Analysis
• Setting up Ideas
  • Describe Brainstorming
• Evaluation and Option selection
  • Define Choice Selection Matrix
  • Idea selection
    • Describe Idea Selection Matrix
    • Allocation to Categories
  • Weighting Techniques
    • Define Paired Comparisons
    • Define Points Distribution
  • Creating VIPs
    • Generating Suggestions
    • Describe Cost-Benefit Analysis
    • Constructing Decisions
  • Implementing VIPs
    • Implementing Plans
    • Gathering Feedback
  • Follow up
    • Reviewing Benefits
  • Function Analysis
    • Describe Function Analysis System Technique (FAST)
    • Traditional FAST
    • Customer FAST
    • Technical FAST
  • Value Trees
  • Measuring value
    • Define Value profiling (value benchmarking)
    • Define Simple multi-attribute rating technique (SMART)
    • Value metrics
    • Value index
    • Value for money ratio
    • Value Engineering / Analysis

Implementing MoV®

• Create activities of MoV®
• Respond to Internal and External Factors
• Analyse Project, Program and Portfolio considerations
• Describe Operational considerations
• Embedding MoV® into an organisation