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®

Enquire Program

Fill in the form below & we'd get back to you.

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

 

Enquire Now


----- OR -------

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

ABOUT Norwich

Norwich is a city situated on the bank of river Wensum. Norwich comes under the administration of East Anglia of England. It is also regional managerial Centre for both the region i.e East Anglia and county town. Until the 11th century, it was recognized as the largest city in England. In 2011 census the population of this town was 2 lakh 15 thousand. Cities such as Taverham, Hellesdon, old Catton, Thorpe St Andrew, Sprowston, and Costessey comes under the jurisdiction of it.  Norwich has a highly dense population with respect to the area covered. Norwich City F.C is the most followed football club of the city. Clive Lewis and Chloe Smith are present MP’s of this city. Norwich conferred with England's first UNESCO city in the field of Literature in 2012.

History

The history began with the rule of Romans. Romans got dismantled around 450 CE. The city got its name from Northwich, it was founded between 5th and 7th century. It was followed by deadly war between English and Romans. During Middle Ages around 1134, the presence of Jews was noted there. The early period between 1485 and 1640 was considered the time where the wool industry got the expansion. During 17thcentury population increased very rapidly. During this time others industries such as printing, engineering, finance, tourism, and electronics. Further, it followed with several civil wars and the Victorian era.

Education

Norwich runs many primary, secondary, professional and free schools including various academies for its students on large scale. The Norwich University and the University of East Anglia are prominent ones. The population of students is 17000 approximately. These institutions provide hundreds of designers to local industries.

Culture

Since old age, Norwich has been associated with arts and culture, publishing and literature. Pulls Ferry, Shopping places, Norwich castle museum, architectural site Norwich 12, the great hospital, dragon hall are some famous places of this city.

Sports and Safe city

Speedway racing was popular in the region prior and after the Second World War. The famous lightweight champion of the world Jon Thaxton belonged to this city. Norwich is as old as London i.e capital city of England for several centuries prior to Industrialisation.  It is also famous for its greenery. Soon it will be converting into the transition town. Norwich considered as the safest city to live, study, visit and much more. Norwich has immense and healthy youth population. There is a very commendable initiative that has been started by the people i.e. “meet the people”. It is an event that covers discussion on the topics such as social and political among all walks of life. Student’s contribution in making good environment is commendable. The right combination of youth, friendly environment and safety makes it a perfect place to study.

Climate

It has maritime climate as it is near to the river Wensum. It did not have any extreme temperature conditions in the past as well as in the present scenarios. There has not been any single case of the shortage of rainfall and undistributed rainfall in the region. The official met office of the region is Coltishall. All the records present here have been used to study the climatic pattern of the region. The Met office provides the updated information to the locals to aware them of any natural hazard.

Transport

It is well connected with road, railway, and Air. It is a junction point for the east and west, i.e. Great Yarmouth (East) and Kings Lynn and Peterborough (West). The local government has recommended an upgrading of the roads. It is also linked to the Cambridge via A11. The rail network is well connected to London Liverpool Street, Peterborough, Nottingham, Sheffield and a few more. The prominent bus services are being run by Anglian Bus, First Norfolk, Suffolk, connecting bus service a few more. There is a famous national cycle route for bicycle commuters. There is a river Yare that provides the water transport to the region.