MoV® Foundation | MSP Training

ABOUT THE PROGRAM

The MoV® Foundation course is designed to provide the fundamental knowledge about the overall structure of value management and principles, processes and techniques of MoV®. The two-day course enables the delegates to manage optimal utilization of the available resources and increase the benefits from projects, programs and portfolios. The course introduces delegates to the MoV® methodology and implementation of MoV® processes to improve the value within the accomplishment of project and program objectives set in the organisation and also meet the requirements of the stakeholder. The course equips the delegates with the in-depth knowledge of key benefits gained by implementing MoV® principles and enable them to contribute to an improvement in policy making and decision making. Throughout the course, the delegates will learn about the MoV® environment, MoV® approaches, MoV® implementation and embedding MoV®.

Organise and contribute positively to MoV® study
Recognise the importance of MoV® principles, techniques, processes and environment
Embedding a culture of MoV® in the organisation
Identify the environmental factors impacting MoV®
Maximise value and delivery of benefits
Courses led by certified and well experienced Instructors
MSP Training offers flexible mode of training at an affordable price

WHAT'S INCLUDED ?

Find out what's included in the training programme.

Tutor Support

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

Certificate

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

PREREQUISITES

No prerequisites are required to attend the course. However, prior knowledge or working experience of project, program, portfolio and operational environment is beneficial.

TARGET AUDIENCE

The course is aimed at those delegates who have no previous knowledge or experience in the value management field and want to gain the sufficient knowledge to enable them to contribute positively in the operational environment and maximise the value and service delivery. These include:

Operational staff and managers in an organisation who want to gain knowledge about the overall structure of value management and know whether MoV® is implemented in their organisation or not.
The PPM community who are responsible for managing, supporting and delivering projects, programs in the operational environment. These include Project Managers, Senior Management, Program Managers, Change Managers and Project and Program Office staff.
Professionals who want to build on the activities to enhance value and delivery of benefits can also take the course.

WHAT WILL YOU LEARN?

Understand the concept of value and methods to improve the value
Describe the processes and techniques used within MoV®
Identify the requirement for using MoV® within an organisation
Able to make effective communication and involvement with stakeholders and end users
Describe the circumstances under which MoV® should be used
Learn how MoV® can be applied at project, program and operational levels
Classify the approaches for implementing MoV®
Describe the principles of embedding MoV® into an organisation
Enable delegates to contribute effectively to MoV® activities led by others
Understand the structure of MoV® and explain to others
Outline the key topics covered in organizational maturity, document checklists, individual competence, health check and the tool box
Learn how to respond to internal and external influences
Study the differences in implementing MoV® at different phases in a project
Monitor the expected outputs at each level of project and program

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PROGRAM OVERVIEW

The MoV® Foundation course empowers delegates to assist their organisation to concentrate on enhancing value and overcome the barriers while implementing value management techniques and processes in project, program and operational environment. These further assist the delegates to accomplish transformational change more quickly, maximise return on investments and meet the increasing needs with available resources without compromising on quality.

Key Information of MoV® Foundation Exam:

The course helps the delegates for gaining the certification of MoV® Foundation course. The delegates will receive a MoV® Foundation certificate on the completion of the course. In the Foundation exam, the delegates need to achieve 50% to pass. After passing the Foundation exam, the delegates who are interested in MoV® Practitioner they will be able to enrol for MoV® Practitioner course and exam. Details of the exam as follows:

Type: Multiple choices
Duration: 40 minutes
Closed book exam
Total 50 questions

PROGRAM CONTENT

Overview of MoV®

What is Value?
Define MoV®
Understand the requirement of MoV®
Study relationship to other Management Methods

Discuss Seven Principles of MoV®

Coordinate with Objectives set in the organisation
Concentrate on Functions and Required Outcomes
Enhance the value by balancing variables
The Investment Decision
Adjust to suit the Subject
Learn From Past Experience and Enhance Performance
Allocate Roles and Responsibilities
Develop a Supportive Culture

MoV® Approach and Implementation

Explain the generic process around which a study can be structured
Describe the relationships between the MoV® leader and the rest of the team

MoV® Environment

Describe the external and internal factors affecting MoV® policies and strategies
Description of the considerations for the portfolio, project, program and operational environments

MoV® Embedding

Describe the embedding process
Advantages of embedding MoV®
Key steps involved in embedding MoV®
Roles and responsibilities required while applying MoV®
Reduce the weaknesses while implementation

The 7 MoV® Processes

Design a Program or Project
Collect required Information
Analyse Information
Process Information
Assess & Select
Create Value Improving Proposals
Implement & Share Outcomes

Common techniques used in MoV®

Analysis of information
- Describe Benchmarking
- Understand Process Mapping
- What is Root Cause Analysis?
- What is Discounted Cash Flow Analysis?
Developing Ideas
- Describe Brainstorming
Evaluation and option selection
- Describe Option Selection Matrix
- Idea selection
  - Allocation to Categories
  - Idea Selection Matrix
- Weighting techniques
  - Define Paired Comparisons
  - Define Points Distribution
- Developing VIPs
  - Creating Proposals
  - Define Cost-Benefit Analysis
  - Developing Decisions
- Implementing VIPs
  - Implementation Plans
  - Gathering Feedback
- Following up
  - Monitoring Benefits

Implementing MoV®

Devising activities of MoV®
Respond To Internal and External Influences
Describe Portfolio, Program and Project Considerations
Explain Operational Considerations
Embedding MoV® into an organisation

MoV® Techniques

New methods used in MoV®
Describe techniques and strategies used within MoV®
What is Function Analysis?
- Describe Function Analysis System Technique (FAST)
- Understand Traditional FAST
- What is Technical FAST?
- What is Customer FAST?
Describe Value Trees
Measuring value
- Define Value profiling (value benchmarking)
- Simple multi-attribute rating technique (SMART)
- Value index
- Value metrics
- Value for money ratio
- Value Engineering / Analysis

Approach to Implementation

Describe Generic approach to MoV® implementation
Create the MoV® activities
Understand and articulate value
Prioritize value
Improve value
Quantify value
Monitor improvements in value

MoV® Foundation Enquiry

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

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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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