MoV® Foundation and Practitioner | MSP Training

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.

Exam(s) included

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

Certificate

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

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 Gatwick

Gatwick City is renowned for Gatwick Airport which is located in south-east England. It is approximately 30 miles from the capital city, London. Apart from this, The famous Copthorne Hotel is located in the core of the city. It is house style hotel in the landscaped gardens and tranquil woodlands. The hotel location is few kilometers from Gatwick Airport. The Copthorne Hotel has all facilities such as eleven well-furnished rooms with free WiFi services. MSP Training gives an opportunity to choose the required course from a pool of courses. MSP Training provides facilities like audio-visual equipment, overhead projectors, and multi-functional lighting.

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