MoV® Foundation & Practitioner

Enhance value using MoV® Techniques

ABOUT THE PROGRAM

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.

  • Address both monetary and non-monetary factors and promote sustainable decision making

  • Make operational efficiency improvement initiatives

  • Increase value delivered and make optimum utilization of resources by supplementing current management practices

  • Enhance value in line with project and program objectives and key stakeholder requirements

  • MoV® courses delivered by highly certified and well experienced Instructors

  • MSP Training offers flexible mode of training programs at an affordable price

WHAT'S INCLUDED ?

Find out what's included in the training programme.

Includes

Exam(s) included

Exams are provided, as part of the course. Obtaining certification is dependant on passing these exams

Includes

Certificate

Delegates will get certification of completion at the end of the course.

Includes

Tutor Support

A dedicated tutor will be at your disposal throughout the training to guide you through any issues.

PREREQUISITES

No prerequisites are required for attending the course. However, the delegates having working experience in program, project or an operational environment would be beneficial.  

TARGET AUDIENCE

The course is designed for those delegates who have no prior knowledge or experience in value management and want to gain sufficient knowledge enable them to work in the operational environment positively. These include:

  • Project Managers
  • Program Managers
  • Operational Managers
  • Corporate Managers
  • Professionals who are responsible for managing project, program or portfolio in the public or private sector.
  • Delegates who want to improve their operational efficiency can also take the course.
  • Delegates who want to gain the certifications by clearing the MoV ® Foundation and Practitioner exam can also enrol into the course.

WHAT WILL YOU LEARN?

  • Able to take part in MoV® activities by studying the MoV® principles
  • Understand how to implement MoV® in the current task-based scenarios
  • Describe a methodology comprising unique set of techniques, principles and processes
  • In-depth understanding of value priorities and objectives of an organisation
  • Enable the delegates to take part and contribute positively to MoV® activities led by others
  • Describe the approaches for implementing MoV® effectively
  • Learn how MoV® can be applied within an operational environment
  • Analyse the techniques for tailoring and embedding of MoV® within an organisation
  • Learn how to respond to internal and external influences
  • Describe the techniques and processes used within MoV® and the reasons for applying them
  • Learn how MoV® can be applied at project, program and portfolio levels
  • Understand the concept of value and strategies for improving the value
  • Explore the key topics in document checklists, health check, the toolbox, individual competence and organizational maturity
  • Study the differences in implementing MoV® at different stages in a project
  • Analyse the expected outputs from a MoV® study at each stage
  • Know the benefits arising from the use of MoV®

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PROGRAM OVERVIEW

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

                                                                 


PROGRAM CONTENT

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

MoV® Foundation & Practitioner Enquiry

 

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Reach us at 0121 368 7851 or info@msptraining.com for more information.

ABOUT Canterbury

Canterbury is a historic cathedral city located on the River Stour in the Southeast England. It is located 55 miles southeast of London with a population of around 43,432 in 2011 census. The nearby villages and suburbs of the city include Rough Common, Harbledown, Tyler Hill, Hales Place, Sturry, and Wincheap. The River Stour segregates the south-east part of the city into two wings, one wing flowing through the city and other around the position of the former walls. The two wings further combine on the northeast edge of the city. Canterbury local government district covers the area of Herne and Whitstable Bay and Member of Parliament elected in the city is Rosie Duffield of Labour Party. Under Local Government Act, the city became a county borough, later on, it lost its county borough status and afterward, Kent County Council has taken the full control.

History

The first early settlement of Canterbury dates back to prehistoric times. Romans captured the settlement of Celtic tribe in the 1st century and given the name Durovernum Cantiacorum. The city was redeveloped with the construction of the temple, public baths, theatre and roads with grid pattern by the Romans. They also built a wall with seven gates and an earth bank around the city to safeguard from Barbarians attack. After the abandonment of Roman period, Anglo-Saxon community developed within the city walls and trade developed in textile, pottery and leather sector.

The most serious epidemics Black Death affected the city in the 13th century and a population of the city declined from 10,000 to 3,000. Between 17th and 18th century, the castle of the city fell into disrepair and six gates were demolished. The silk industry was closed and trade was limited to only wheat and hops. The world’s first passenger railway came into existence in 1830 connected the town to a larger network of South Eastern Railway. The city was affected by First and Second World War destroyed 296 buildings and 731 homes and resulted in the death of 115 people. The redevelopment of the city took place ten years after the war and ring road was constructed to avoid growing problem of traffic congestion along with the development of Christ Church College and the University of Kent at Canterbury.

Economy

Canterbury is the second largest economy in the Kent and also known as wealthiest places in the south-east. The city is home to 4761 businesses provide job opportunities to more than 60,000 employees. Unemployment in the city has dropped largely with the involvement of Lakesview International Business Park, Whitefriars shopping complex and Canterbury Enterprise Hub. According to a survey in September 2011, unemployment rate recorded at just 5.7% which is quite low as compared to other cities of the England. Tourism plays a crucial role in the development of the city and contributes 258m dollars to the economy.

Education

Canterbury has several primary and secondary schools including Kings School, Barton Court Grammar School, The Canterbury High School and Archbishops School. For higher education, the city has three main universities and several other higher colleges and institutions providing education to 22% of the population according to 2011 census. The universities include the University of Kent, University for the Creative Arts and Canterbury Christ Church University.

Tourism

The city is famous for its beautiful beach fronts, stunning architecture, surrounding coastal towns and world-famous buildings. The tourism of the city is a perfect combination of city, countryside, and coast. The city is also a pilgrimage site and its renowned cathedral is recognised by UNESCO World Heritage Site drawing the attention of million tourists. The top rated tourist attractions in the city include Canterbury Cathedral, St Augustine’s Abbey, Heritage Museum, Norman Castle, Roman Museum, Chilham Castle and St Martin’s Church.