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 Poole

Poole is a large coastal town lies on the southern shore of England with a population of around 147,645 according to 2001 census. It is a seaport in the county of Dorset located about 33 kilometres east of Dorchester. In 1997, the town granted a unitary authority and Borough of Poole administers the local council. Poole along with the towns of Christchurch and Bournemouth, it forms the part of Poole-Bournemouth urban area or South Dorset conurbation. It is the second largest town in Dorset. The early history of the town found back before the Iron Age. The town developed as an important port in the 12th century, and the wealth of the town grew with the introduction of the wool trade. The town made strong trade links with the North America. It became one of the busiest ports in the United Kingdom in the 18th century.

During the Second World War, the town served as the main departing point for Normandy landings, also known as Operation Neptune where landing operations of the Allied invasion of Normandy took place on D-Day. The town is considered as an attractive tourist destination and famous for its large natural Harbour, Blue Flag beaches and the Lighthouse arts centre. With passenger ferry and English Channel freight services, the town became an important commercial port of the country. Poole is home to Royal National Lifeboat Institution (RNLI) and Royal Marines.

History

The name of the town is developed from the English word pool meaning a place near a creek or stream of water. It has been suggested that the area around the Poole has been occupied from the last 2500 years. The Romans took over the settlement of Iron Age during the invasion of Britain in the first century. The town became an essential part of the Kingdom of Wessex during the Anglo-Saxons period, inhabited Great Britain in the 5th century. The town was used as a fishing and Harbour base, where ships main stayed on their passage to the River Frome. The town was considered as an important Anglo-Saxon town of Wareham, English county of Dorset. In 876, the town faced two major large-scale raids by Vikings and Canute also used the port of the town to raid and pillage Wessex.

The importance of Wareham declined, and the town grew rapidly as a busy port after the Norman occupation of England.  The Great Charter of Elizabeth I granted a county corporate, and subsequently, the town got legal independence from Dorset. The Newfoundland fisheries and North American colonies established a successful commerce with the town in the 16th century. The town experienced the most prosperous period from the early 18th century till early 19th century. The prosperous phase brought new developments including the replacement of medieval buildings with the terraced housing and Georgian mansions. The end of the Napoleonic Wars ended the Newfoundland trade, and most merchants ceased trading. During the industrialisation, the town grew rapidly and became a place for mercantile prosperity. The port of the town lost business as ships became too large for the shallow Harbour in the 19th century. The coastal shipping trade ended with the arrival of railways in 1847.

Economy

The economy of Poole is more balanced as compared to the rest towns of Dorset. The manufacturing sector flourished in 1960, whereas service sector including the relocation of the office-based employers expanded between the 1980 and 1990. The town is home to the world’s largest motor yachts builder Sunseeker and engaged more than 1800 workforce in the shipyards of the town. Other major employers in the town include Lush, Ryvita, Faerch Plast, Siemens and Kerry Foods. The economy of the town is based mainly on the service sector. Major employers in the service sector include Barclays Bank, Bank of New York Mellon, Arts University Bournemouth, Merlin Entertainments and American Express Bank.