MoV® Foundation

Structured and summarized learning of MoV®

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.

Includes

Tutor Support

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

Includes

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.

ABOUT Glasgow

Glasgow, with a population of 1,057,600, is the biggest city in Scotland. Not only this, it is also the fourth biggest city in the whole of UK after London, Birmingham and Manchester in terms of population. Glasgow is situated on the River Clyde in the West Central Lowlands of the country. Citizens of Glasgow are known as “Weegithe es”.

Places of Interest

Glasgow is home to various places that attract visitors every year.  Some of the famous attractions of Glasgow have been listed below:

  • Glasgow City Chambers: It is the most magnificent building that dictates the story of wealth and its industrial prosperity as the Second City of the Empire. It is a building that is an instant favourite among all who visit this beauty. The building was inaugurated by Queen Victoria in the late 1880’s and even today it is the headquarter of the city councils. There is a statue of the Queen with Truth above her. According to locals, the statue is their version of “The Statue of Liberty”.
  • Glasgow Cathedral: The Reformation that happened in 1560’s in Scotland was a troubled time for the country. Many buildings famed for their architecture, collapsed. However, it was the Glasgow Cathedral that stood the test of times. It is considered to be a superb building of the medieval era. The building is said to have been built somewhere between the 13th and the 15th Interestingly, the building was built at the place where the patron saint and founder of the city, St. Mungo was laid to rest. The place is his shrine.The Glasgow Cathedral is home to a crypt that was built in the 13th century. The crypt houses the body of St. Kentigern.
  • Glasgow Museums: The city is home to eight museums each of which have a rich collection of various artworks from the past as well as the present. The list follows:
    • St Mungo Museum of Religious Life and Art and Provand's Lordship
    • Gallery of Modern Art
    • Scotland Street School Museum
    • Kelvingrove Art Gallery and Museum
    • People's Palace and Winter Gardens
    • The Burrell Collection
    • Glasgow Museums Resources Centre
    • Riverside Museum

 The museums have abundant of rare artworks, collection of different type of furniture, arms and armaments, and what not. All the Glasgow Museums have free admission and their sections for the kids as well where they not only have fun, they also learn. The accompanying shopping centres in some of the museums also sell replicas of the artworks.

  • Glasgow Cross: The Glasgow Cross is medieval architecture building. It houses a Clock Tower that used to be a part of the City Chambers that was destroyed by fire in 1926. The building also houses another hexagonal shape building the Tolbooth.
  • Glasgow is also famous for its bridges. The Tradeston Pedestrian Bridge, Kingston Bridge, and the Clyde Arc are just some of them.The Tradeston crosses the River Clyde on the east of the M8 motorway while the Kingston Bridge crosses the River Clyde carrying the M8 motorway along with it.The Clyde Arc is a new bridge and also has a wonderful curved design as it crosses the bridge.
  • Parks: Besides museums and bridges forming the pride of Glasgow, the parks also help in promoting the city tourism. Some of the major parks that the visitors could come across in Glasgow are listed below:
    • Bellahouston Park
    • Botanic Gardens
    • Glasgow Green
    • Kelvingrove Park
    • Mugdock Park
    • Queen’s Park
    • Strathclyde Country Park
    • Victoria Park
      • Fossil Grove: Part of the Victoria Park, this is open in summers only.
    • Tollcross Park