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®

Enquire Program

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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 Swindon

Swindon is situated at southwest of England. It is considered to be a big town by geographical area and comes under the jurisdiction of Wiltshire country. It is in the middle of east and west direction i.e Bristol and Reading. It is 78 miles to the capital of United Kingdom. Swindon engaged at a rapid pace in its population during expansion as a town in 1950’s. Swindon residents commonly called themselves as Swindonians and have a library that covers 152 miles of bookshelves. It also has headquarters of the National Trust and the English Heritage National Monument Record Centre. A Honda car industrial plant office situated in this town.

History

During to its initial stage, the town was small and usually did business in barter system. The real business happened on the upper part of the town which is usually known as old town nowadays. During the industrial revolution, it got acceleration and during this period wilts and Berks canal was constructed which helped in the further growth of this town. Thus its sponsorship from Wiltshire Council was put down. All the locomotives of the Great Western Railway took to Swindon works for repair and maintenance. From the late 18th century, a small portion of the salary was collected for healthcare fund. They got medical treatment for themselves as well as for their family. The tallest building of the town was built by a famous figure David Murray John. This building is named after him. Swindon area is very crucial as far as property is concerned. The average household income of people of Swindon is very high.

Climate

Swindon has a climatic condition similar to the British Isles with average moderate mild winters and cool summers due to its latitude position. It is at the elevation of 145 meters above the ground which makes it cool throughout the year. RAF Lyneham is the weather station of the Swindon. It provides an update of day to day basis. The temperature is quite low over here due to its establishment on higher altitude.

Governance

In the month of April 1997, it became a unitary authority. The region of Swindon includes perishable as well as the non-perishable region. It is represented by two Member of Parliament i.e Robert Buckland and Justice Tomlinson far cry from 1997 when there was only one seat.

Geography and Demography

The region is mostly covered by high hills to south and east direction. The river Cole is the famous river in the region. White British with 84% strength is in majority and followed by Asian 7% and black 1.5%.

Economy

The prominent brand of various field such as Honda, BMW, Dolby labs,  Halcrow engineering services, Retailer WH Smith is notable names which have their establishment over this region. They are providing a large number of job opportunities to the regional people. It also has headquartered of country’s space agency.

 Media

The media plays a prominent role in strengthening the pillars of the development. Online media went to extra mile among all other platforms. Swindon has many advertising firms like Swindon Advertiser is prominent among them. Print, radio, and television are the other ones that set up their game with the same pace. There are two transmission regions of the single region i.e The Thames Valley and the West of England. Swindon Viewpoint had been the cable television for the region for 9 years. 

Education   

The borough of Swindon has a number of academic institutions at primary, secondary and technical level. A few secondary schools are commonweal school, the Dorcan Academy and much more. For Higher Education, the services of New College and Swindon College are highly appreciated.