MoV® Practitioner

Elevate Business values by implementing MoV® methodology

ABOUT THE PROGRAM

The MoV® Practitioner course provides the essential knowledge to the delegates to make optimum utilisation of available resources and increase the benefits arising from project, program and portfolio levels in the operational environment. The course equips the delegates with the fundamental knowledge required to implement MoV® principles and processes and maximise the return on investment and contribute to an improvement in decision making and policy making. The MoV® Practitioner qualification verifies the abilities and knowledge of the delegates to implement and tailor MoV® in a task-based scenario situation. During the two-day course, the delegates will learn the MoV® processes, MoV® principles, MoV® techniques and embedding MoV® within an organisation.

  • Organise and contribute positively to MoV® studies

  • Gain the MoV® certifications and enhance the career opportunities

  • Supplement current management practices to maximise the value and improved service delivery

  • Evaluate the project and program of the organisation and establish its organisational value

  • Promote sustainable decision-making and consider monetary and non-monetary factors

  • Courses delivered by certified and well experienced MoV® 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

The delegates must have completed and passed the MoV® Foundation course and exam before attending the MoV® Practitioner course. A proof of same must be presented on the day of the Practitioner exam to the instructor.

TARGET AUDIENCE

The course is designed for those delegates who have completed the Foundation qualification and who want to gain more knowledge and enhance their skills and capability to implement and tailor the MoV® methods and principles.

  • Operational staff and Managers who want to implement MoV® and its techniques and processes.
  • Delegates who are responsible for managing, supporting and delivering project, program or portfolio in the operational environment can also take the course. These include:
    • Project Managers
    • Program Managers
    • Operational Managers
    • Corporate Managers

WHAT WILL YOU LEARN?

  • Describe the Organisation’s objectives and value priorities
  • Learn how MoV® can be applied within an operational environment
  • Understand MoV® principles, processes, approach and environment
  • Tailor and implement MoV® within an organisation
  • Describe the concept of value and how value can be improved
  • Know the key benefits arising from the implementation of MoV®
  • Learn how to respond internal and external factors
  • Enhance the value by optimum utilisation available resources
  • Promote sustainable decision-making depends upon adding value by addressing both monetary and non-monetary parameters
  • Able to accomplish transformational change rapidly and efficiently
  • Fulfill the growing needs with available resources without compromising on quality
  • Describe the key topics in individual competence, the toolbox, organisational maturity, document checklists and health check
  • Learn how to tailor MoV® to particular projects
  • Prioritize value drivers using Function Analysis

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PROGRAM OVERVIEW

Value management provides an efficient structure and methodology that helps the individuals or organisations in achieving and enhancing business value and ensure an excellent quality of delivery. The MoV® Practitioner course provides advanced level certification and enables the delegates to increase the values across project, program, portfolios and operations. The courses introduce delegates to the MoV®  processes, principles and techniques and how MoV® activities should be applied for the whole project or program lifecycle.  The value management is complementary to project management and focused on elevating business value in line with objectives of the project. The Practitioner course builds on the knowledge gained at the Foundation level and enables the delegates to tailor and embed MoV® in the real scenarios within an organisation.

Vital MoV® Practitioner Exam Information

The delegates must pass the exam and achieve 50% to clear the Practitioner exam to gain the MoV® Practitioner certification. The exam checks the capabilities of delegates to carry out the specific tasks related to value management. The exam includes:

  • Objective based testing/Multiple choice questions
  • Eight questions having ten marks each
  • Total 80 marks, all questions are worth one mark
  • Open book exam
  • Duration: 2.5 hours

                                                                   


PROGRAM CONTENT

An Introduction to MoV®

  • Define value?
  • What is MoV®
  • The requirement of MoV®
  • Requirement in the Cabinet Office Best Practice Guidance
  • Understand its relationship to other management methods

MoV® Principles

  • Adjustment with goals of an organisation
  • Emphasis on functions and compulsory outputs
  • Balance the variables to maximise the value
  • Execute throughout the investment decision
  • Tailor to suit the subject
  • Learn from experience and strategies to improve performance
  • Assign clear roles and responsibilities and build a supportive culture

MoV® Environment

  • Classify internal and external factors affecting policies and procedures of MoV®
  • Understand project, program, portfolio and operational environment

MoV® Method and Execution

  • Describe general process around which a study can be organised
  • Explain the relationships between the MoV® leader and the team

MoV® Embedding

  • Brief the process of Embedding
  • Key steps involved in embedding MoV®
  • Describe the key benefits of embedding MoV®
  • Requirement for allocating role and responsibilities while using MoV®
  • Explain strategies to overcome barriers while implementation

MoV® Processes

  • Design a program or project
  • Collect the relevant Information
  • Analyse Information
  • Process Information
  • Evaluation and Selection Process
  • Develop value improving proposals
  • Implement and communicate outcomes

MoV® Techniques

  • Understand new techniques and strategies used in MoV®
  • Information Gathering
    • Describe Benchmarks
    • What is Process Mapping?
    • Define Root Cause Analysis
    • Explain Discounted Cash Flow Analysis
  • Constructing Ideas
    • Elaborate Brainstorming
  • Evaluation and Option selection
    • Describe Choice Selection Matrix
    • Idea selection
      • Determine Idea Selection Matrix
      • Allocation to Categories
    • Weighting Techniques
      • What is Paired Comparisons?
      • What is Points Distribution?
    • Creating VIPs
      • Generating Suggestions
      • Understand Cost-Benefit Analysis
      • Building Decisions
    • Implementing VIPs
      • Implementing Plans
      • Gathering Feedback
    • Follow-up
      • Monitoring Benefits
    • Function Analysis
      • Define Function Analysis System Technique (FAST)
      • Customer FAST
      • Technical FAST
      • Traditional FAST
    • Understand Value Trees
    • Measuring value
      • Describe Value profiling (value benchmarking)
      • Define Simple multi-attribute rating technique (SMART)
      • What is Value metrics?
      • What is Value index?
      • Describe Value for money ratio
      • Understand Value Engineering / Analysis

Implementing MoV®

  • Develop activities of MoV®
  • Respond to Internal and External Factors
  • Evaluate Project, Program and Portfolio considerations
  • Understand Operational considerations
  • Embedding MoV® into an organisation

MoV® Practitioner Enquiry

 

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

ABOUT Bracknell

Located in the Borough of Bracknell Forest in Berkshire, England, Bracknell is a town having a population of 77,256. It is located 11 miles to the east of Reading and 34 miles west of central London. The name, Bracknell, comes from Braccan Heal. It may also have got its name from a school in the locality called the Brakenhale. There is a standing stone to the north-east of the city known as the Quelm Stone. The Quelm Stone is a menhir i.e. a stone that is rough and in the form of a rectangle or square. One of the main buildings in Bracknell is the ‘Old Manor House’ which used to be home to a number of priest holes which were used as hiding places when the Catholic priests were executed by law forcefully in England. During such times the Catholic priests could hide in one of these holes or escape to somewhere else using the tunnels that were built beneath them.

Transport in Bracknell      

The two railway stations in Bracknell that include Bracknell itself and  Martins Heron as well are located on a common line that runs from  Waterloo to Reading. Commuters from Bracknell travel mostly in two directions i.e. Eastwards to London Waterloo and Westwards to Reading.

It is located at the end of the A329 (M) motorway.A motorway. M31  was proposed to be built for connecting the M3 and the M4 but only a part of that could be completed which is now known as the A329(M) and the A3290.

The Bracknell bus station, located on The Ring, serves Bracknell. There are three shelters on the bus stand, one each for the three stands. The Bracknell Bus Stand provides services to Wokingham, Crowthorne, Windsor, Camberley, Slough, and Reading.  The Courtney Bus Services and Reading Buses provide local bus services.  The Green Line provides coach services to London Victoria while the Courtney Buses provided services to the National Express and The Luton Flyer.

Education

Bracknell provides schooling as well as further education through the various institutes in the city itself. Some of the schools in the area are :

  • Easthampstead Park School
  • St Joseph's Catholic Primary School
  • Brakenhale Academy
  • Garth Hill College and Ranelagh Church of England School

Colleges of further education in and around Bracknell are listed below:

  • Bracknell is home to the Bracknell and Wokingham College
  • The Silwood Park campus of Imperial College London is also a destination for those who wish to go for further education. The college is located 5 miles to the east of Bracknell.
  • To the northwest at a distance of 8 miles is The University of Reading
  • 8 miles to the east is the Royal Holloway College

Arts

A mansion dating back to 1760 stands in the south of the town which has been rebuilt many times now serves as a large arts centre. The Wilde Theatre named after Oscar Wilde and opened in 1984  has hosted his play ‘The Importance of Being Earnest’ which has a character called 'Lady Bracknell' in it. Over the years, the South Hill Park has seen a number of music performances in various festivals.A list follows:

1975 – 1990s Bracknell Jazz Festival        

1970's – 1980s Bracknell Folk

1980's – 1990s – Bracknell Music Festival  or the South Hill Park Festival

1988 – Womad Festival

2000 – 2013 – A free and an annual festival of World Music.

Many places in Bracknell have been used in films. The locations include  Martin Heron and Birch Hill.In Harry Potter and the  Philosopher’s Stone, Martin Heron is the locality in Bracknell where Harry’s Uncle and Aunt stay. Another movie, Time Bandits, used the location Birch Hill. Birch Hill is also known for naming its streets from east to west in an alphabetic order.