MoV® Foundation & Practitioner

Enhance value using MoV® Techniques

ABOUT THE PROGRAM

The MoV® Foundation and Practitioner course provide the essential skills and knowledge to the delegates to enhance value within the fulfilment of project and program objectives and meet the stakeholder requirements. The course introduces delegates to the world of the value management and overall structure of MoV®. The four-day course enabled the delegates to contribute positively to an improvement in policy making and decision making and also balance the growing needs with the available resources without compromising on quality. During the MoV® training program, the delegates will gain an understanding of seven MoV® principles upon which value management is based, MoV® processes and techniques for implementing the outputs and review their effective delivery and also study the need for embedding MoV® into an organisation.

  • Address both monetary and non-monetary factors and promote sustainable decision making

  • Make operational efficiency improvement initiatives

  • Increase value delivered and make optimum utilization of resources by supplementing current management practices

  • Enhance value in line with project and program objectives and key stakeholder requirements

  • MoV® courses delivered by highly certified and well experienced Instructors

  • MSP Training offers flexible mode of training programs at an affordable price

WHAT'S INCLUDED ?

Find out what's included in the training programme.

Includes

Exam(s) included

Exams are provided, as part of the course. Obtaining certification is dependant on passing these exams

Includes

Certificate

Delegates will get certification of completion at the end of the course.

Includes

Tutor Support

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

PREREQUISITES

No prerequisites are required for attending the course. However, the delegates having working experience in program, project or an operational environment would be beneficial.  

TARGET AUDIENCE

The course is designed for those delegates who have no prior knowledge or experience in value management and want to gain sufficient knowledge enable them to work in the operational environment positively. These include:

  • Project Managers
  • Program Managers
  • Operational Managers
  • Corporate Managers
  • Professionals who are responsible for managing project, program or portfolio in the public or private sector.
  • Delegates who want to improve their operational efficiency can also take the course.
  • Delegates who want to gain the certifications by clearing the MoV ® Foundation and Practitioner exam can also enrol into the course.

WHAT WILL YOU LEARN?

  • Able to take part in MoV® activities by studying the MoV® principles
  • Understand how to implement MoV® in the current task-based scenarios
  • Describe a methodology comprising unique set of techniques, principles and processes
  • In-depth understanding of value priorities and objectives of an organisation
  • Enable the delegates to take part and contribute positively to MoV® activities led by others
  • Describe the approaches for implementing MoV® effectively
  • Learn how MoV® can be applied within an operational environment
  • Analyse the techniques for tailoring and embedding of MoV® within an organisation
  • Learn how to respond to internal and external influences
  • Describe the techniques and processes used within MoV® and the reasons for applying them
  • Learn how MoV® can be applied at project, program and portfolio levels
  • Understand the concept of value and strategies for improving the value
  • Explore the key topics in document checklists, health check, the toolbox, individual competence and organizational maturity
  • Study the differences in implementing MoV® at different stages in a project
  • Analyse the expected outputs from a MoV® study at each stage
  • Know the benefits arising from the use of MoV®

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PROGRAM OVERVIEW

The MoV® Foundation and Practitioner course provide a systematic approach to define why value management became significant for all types of organisations and how it is implemented to maximise the value across project, program or operational levels. Throughout the course, the delegates will learn how to achieve transformational change more rapidly and effectively and maximize the returns on investments.

Important details of MoV® Foundation and Practitioner Exam

The course helps the delegates for both Foundation and Practitioner exam it is mandatory to sit for both exams to gain the certifications. The Foundation exam will be conducted at the end of the second day and the Practitioner exam will be taken at the end of the fourth day. The exam verifies the capabilities of delegates required to perform the technical tasks. Details of the exams as following:

MoV® Foundation Exam

  • Duration: 40 minutes
  • Type: Closed Book test
  • Multiple choice questions
  • Total 50 questions

MoV® Practitioner Exam

  • Duration: 2.5 hours
  • Type: Open Book test
  • Objective based testing
  • 8 questions having 10 marks each
  • 80 marks available

                                                                 


PROGRAM CONTENT

An Introduction to MoV®

  • What is value?
  • Define MoV®
  • Understand the requirement of MoV®
  • Role in the Cabinet Office Best Practice Guidance
  • Relationship to other management methods

MoV® Principles

  • Alignment with objectives of an organisation
  • Concentrate on functions and required outcomes
  • Balance the variables to enhance the value
  • Implement throughout the investment decision
  • Adapt to suit the subject
  • Learn from past experience and strategies to improve performance
  • Allocate clear role and responsibilities and create a supportive culture

MoV® Method and Execution

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

MoV® Environment

  • Identify internal and external factors affecting policies and strategies of MoV®
  • Describe the project, program, portfolio and operational environment

MoV® Embedding

  • Describe the process of Embedding
  • Key steps involved in embedding MoV®
  • Describe the advantages of embedding MoV®
  • Clarify role and responsibilities while applying MoV®
  • Techniques to overcome hurdles while implementation

MoV® Processes

  • Design a program or project
  • Collect the required and relevant Information
  • Analyse Information
  • Process Information
  • Assess and select
  • Create value improving proposals
  • Implement, share and communicate outcomes

MoV® Techniques

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

Implementing MoV®

  • Create activities of MoV®
  • Respond to Internal and External Factors
  • Analyse Project, Program and Portfolio considerations
  • Describe Operational considerations
  • Embedding MoV® into an organisation

MoV® Foundation & Practitioner Enquiry

 

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

ABOUT Slough

Slough is a large town in the area of Berkshire, England. It is the junction point for many other towns. It gives an easy access to various directions and cut short time for many hours. It makes a piece of cake for travellers to reach from one end to another end. Due to M4, M40, and M25, it has the route to the rest of the United Kingdom. We can reach to London and Thames valley via Slough. The earlier Western Mainline which historically belonged to Buckinghamshire under demographic changes comes under slough region. There is an introduction of Elizabeth line which provides a fast journey to the travellers. It will cut the duration of the journey by a quarter of the time. As per 2016 census, the population of the town is 1 lakh 61 thousand.

Since the 19th century, there has been a large migration of the Labour in the town which ultimately facilitate the trade here and thus it leads to lessening unemployment. This workforce also plays a crucial role in becoming the major trading Centre. It has also very less unemployed rate. After the London, the slough is considered to be the most favoured destination for the corporate world. South town F.C is the famous football club of this region. According to 2011 census, there was drastically change in the demography of the area. It is considered to be the most diverse as far as ethnicity is to be concerned. All the major companies’ offices such as Blackberry, McAfee, Burger King, LEGO and much more have their head offices in the city. Every year thousands of jobs have been provided by the Trading Estate business. Slough per capita income is also high.

History

Starting from the origin of the name, it comes from the soil. It was first used in the late 11th century. During the 13th century, the king lived in Chippenham palace. In the 13th century, the upper portion of Court was built. The sacred St Mary the Virgin church, has been under renovation several times in the past. There was an immediate railway started for the convenience of Queen from Slough railway station to Windsor. During the First World War, a largely unused, as well as agricultural land, was used as a depot to repair army vehicles in short period time. During Second World War, major air strikes happened to destroy the linkage between the towns. The hearth of the slough is the biggest ever development plan for the 21st century. Slough has hundreds of buildings which have some historical importance.

Geography and Climate

The ancient part of the Buckinghamshire is known as slough. It got expanded and developed by the nearby villages of the Great West road. The London Heathrow airport gives update information from time to time regarding change of prevailing weather condition. The part of Thames valley experiences high temperature. In contrast to this, the rainfall is comparatively low to 600mm annually. It gives updated information on the prevailing weather condition to local people.

Demography

During the 1930s, it became a safe haven for most of the unemployed youth of the nearby region. They came here looking for jobs and this town gave them the respective opportunity. As per 2011 census, 45% population are white.  A large part of immigrants of various countries is as follow India 11,544, Pakistan 11,244 and Poland with 8,341 and a few more to follow.

Transport

It is very near to London and also has a large network of the roads throughout the city. One can go to different 5 directions at the same time from one point. It is also well connected with the railway. A route was constructed for cyclists too.