MoV® Practitioner | MSP Training

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.

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

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 Gatwick

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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