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 Peterborough

Located in Cambridgeshire, England, on the River Nene, Peterborough had a population of 183,631 as of 2011. The city is decorated by its castles.Lying around 74 miles north of London, the city has been a part of Northamptonshire for a long time. The railway station at Peterborough that lies on the East Coast Main Line between London and Edinburgh, is considered to be a significant stoppage.

At some places, Peterborough lies below sea level while at others it is seen lying on a flat land. Archaeological finds reveal the existence of human beings at the Peterborough location even before the Bronze Age. During the Anglo-Saxon period, monasteries started springing up with one of them being the Medeshamstede monastery. The Peterborough Cathedral is the new name for the same monastery.

With the arrival of the railways in the 19th Century, the population of Peterborough started to grow. Industrialization also saw a steep rise with the arrival of railways. Peterborough developed as a centre of bricks manufacturing. It was in the mid-20th century that the development of Peterborough came to a standstill and remained so till 1960’s. This was mainly due to the Second World War.

Now, the Peterborough administration is having plans that will provide better facilities to the citizens such as housing, health, road and other means of transport. A sum of around £1 billion is being spent on the redevelopment of the city and its neighbours.

Sports :

Peterborough has teams for various games such as American and Australian rules football athletics, cricket, football, hockey, ice hockey, rowing, and rugby. Between 1906 and 1974, Northamptonshire has been home to some home games of the city in various games.  The Peterborough Hockey Club and the Peterborough Town Cricket Club use the Westwood ground to play their home games in this city.

Notable people:

Some of the most notable people were born in Peterborough. They include:

  • George Alcock - An astronomer
  • John Clare – Poet
  • Christopher Perkins – artist
  • John Payne – A noticeable Catholic martyr
  • Sir Henry Royce – Known as the co-founder of Rolls-Royce he was also the first Baronet of Seaton, and an engineer as well.
  • John Hill – Author, Actor and Physician
  • Frank Horrabin - A socialist writer cum illustrator
  • Dr Richard Cumberland – Philosopher
  • Hereward the Wake - an outlaw

Musicians

  • Sir Thomas Armstrong – The Royal Academy of Music designated Armstrong as the Principal of the academy.
  • Andy Bell - pop band Erasure’s lead vocalist
  • Paul Nicholas - actor and singer

Media

  • Claudia Katz Minnick – famed for "Spider-Man" where she played Robbie's Assistant, "The Black Dahlia" (Frisk Bartender) and "Ouija" (Mother)
  • Simon Bamford – The 'Hellraiser' franchise
  • Adrian Lyne – Fatal Attraction, Oscar-nominated director
  • Sarah Wood - television presenter
  • Jake Humprey – Presenter with BBC Formula One
  • Adrian Durham - football journalist, presenter on Talksport radio
  • Brian J.Ford - Broadcaster, Biologist and Author

Sporting World Personalities

  • David Bentley – Footballer with Tottenham Hotspur and England
  • Craig Jones - Motorcycle Racer
  • Louis Smith – A gymnast from the United Kingdom who won an  individual Olympic medal in the last hundred years first of all
  • Isaiah Brown – Football player with Chelsea

Town Twinning :

To promote friendship among various troubled nations after the Second War, Europe adopted the method of town twinning. Its main purpose was to spread greater friendship and harmony among the different European cities. Town twinning is an agreement to help in the various activities and projects that are organised by the communities of both the countries. This also leads to the development of lifestyle, historical, and cultural similarities and differences. The various town with which Peterborough has twinning are listed below:

  • Spain - Alcalá de Henares, 1986
  • France - Bourges,1957
  • Italy - Forlì, 1981
  • Germany -Viersen, 1981
  • Ukraine - Vinnytsia, 1991