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 Hinckley

Hinckley, in southwest Leicestershire between the cities of Leicester and Coventry,  is the second biggest town in terms of area. Hinckley is administered by the council of Hinckley and Bosworth Borough.

 Places

  • The Battle of Bosworth: The site of the Battle of Bosworth is located in Hinckley. The site houses an interpretation centre at Ambion Hill, where King Richard III set up camp before proceeding further for battle. Many soldiers who died during the battle are buried at St James's Church in Dadlington. The place is now a shrine for the ones who lost their lives.
  • Hinckley Museum: The Museum is home to 17th-century knitter’s cottages made from timber.
  • Stoke Golding: The site is home to a very fine arcade that can be found in some of the most beautiful medieval period churches.
  • St Mary's Church: It is a 13th-century church dedicated to Virgin Mary and located in the centre of Hinckley. Richard Smith was a young horse rider who was murdered in 1727. A tombstone dedicated to the youth is present in the courtyard. Every year on 12th April, this tombstone bleeds. April 12 is the date when the youth was murdered. The church remains open daily from 10.00 to 4.00 pm, and during the services on Sunday.
  • Parks Hollycroft Park: The park actually belonged to the Atkins family but in 1934 the Atkins handed over the park to the city authorities so it could be opened to the public. The park is very much liked by those who wish to play tennis and golf. The park houses various tennis courts, a bowling green, gardens, golf course and a bandstand. Many big events in the town take place at this park. The park in the years 2010 to 2012 received the Green Flag Status for achieving high standards.

 Other places that could attract visitors are the Brodick Park in the west of Hinckley and the Ashby Canal. The park with all its trees acts as a nature reserve. On the other hand, the canal is the longest curved canal in England passing through Hinckley.

Transport

The Hinckley town is equally placed at a distance of 19 km from both Coventry and Leicester. The town of Ibstock lies 18 km to the north on the A447 motorway.

Roads

It was in the early 1990’s that the A47 was by-passed as a result of the completion of the Normandy Way. This not only decreased congestion in the town, it was also helpful in the commercial development of the town along the A47 route. Hinckley has two motorways the A5 and the M69 with the M69 linking Hinkley to Leicester, Coventry and the two motorways the M6 and the M1.

 Bus

The main operators of the bus services in Hinckley are the Hinckley Bus. The service has routes for Barwell, Burbage, Earl Shilton, Leicester and Nuneaton. Up until 2008, a number of services were operated for rural areas by  Arriva. This stopped when Arriva was sold to Centrebus Holdings. Arriva regained the stake from Centrebus Holdings in 2013. Other major bus service operators in Hinckley include Stagecoach and Arriva Fox County.

Railway

The Hinckley railway station lies on the Birmingham to Peterborough Line on the Nuneaton–Leicester section.There are regular services being operated via Narborough and Nuneaton between Birmingham and Leicester. Residents can journey to London via the West Coast Main Line or through Midland Main Line. The Midland route terminus is the London St Pancras which ever since November 2007 has been the home of Eurostar international services.

Airports

The airports that fall the nearest to Hinckley are the Birmingham International and the East Midlands.