MoV® Foundation

Structured and summarized learning of MoV®

ABOUT THE PROGRAM

The MoV® Foundation course is designed to provide the fundamental knowledge about the overall structure of value management and principles, processes and techniques of MoV®. The two-day course enables the delegates to manage optimal utilization of the available resources and increase the benefits from projects, programs and portfolios. The course introduces delegates to the MoV® methodology and implementation of MoV® processes to improve the value within the accomplishment of project and program objectives set in the organisation and also meet the requirements of the stakeholder. The course equips the delegates with the in-depth knowledge of key benefits gained by implementing MoV® principles and enable them to contribute to an improvement in policy making and decision making. Throughout the course, the delegates will learn about the MoV® environment, MoV® approaches, MoV® implementation and embedding MoV®.

  • Organise and contribute positively to MoV® study

  • Recognise the importance of MoV® principles, techniques, processes and environment

  • Embedding a culture of MoV® in the organisation

  • Identify the environmental factors impacting MoV®

  • Maximise value and delivery of benefits

  • Courses led by certified and well experienced 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

No prerequisites are required to attend the course. However, prior knowledge or working experience of project, program, portfolio and operational environment is beneficial.

TARGET AUDIENCE

The course is aimed at those delegates who have no previous knowledge or experience in the value management field and want to gain the sufficient knowledge to enable them to contribute positively in the operational environment and maximise the value and service delivery. These include:

  • Operational staff and managers in an organisation who want to gain knowledge about the overall structure of value management and know whether MoV® is implemented in their organisation or not.
  • The PPM community who are responsible for managing, supporting and delivering projects, programs in the operational environment. These include Project Managers, Senior Management, Program Managers, Change Managers and Project and Program Office staff.
  • Professionals who want to build on the activities to enhance value and delivery of benefits can also take the course.

WHAT WILL YOU LEARN?

  • Understand the concept of value and methods to improve the value
  • Describe the processes and techniques used within MoV®
  • Identify the requirement for using MoV® within an organisation
  • Able to make effective communication and involvement with stakeholders and end users
  • Describe the circumstances under which MoV® should be used
  • Learn how MoV® can be applied at project, program and operational levels
  • Classify the approaches for implementing MoV®
  • Describe the principles of embedding MoV® into an organisation
  • Enable delegates to contribute effectively to MoV® activities led by others
  • Understand the structure of MoV® and explain to others
  • Outline the key topics covered in organizational maturity, document checklists, individual competence, health check and the tool box
  • Learn how to respond to internal and external influences
  • Study the differences in implementing MoV® at different phases in a project
  • Monitor the expected outputs at each level of project and program

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PROGRAM OVERVIEW

The MoV® Foundation course empowers delegates to assist their organisation to concentrate on enhancing value and overcome the barriers while implementing value management techniques and processes in project, program and operational environment. These further assist the delegates to accomplish transformational change more quickly, maximise return on investments and meet the increasing needs with available resources without compromising on quality.

Key Information of MoV® Foundation Exam:

The course helps the delegates for gaining the certification of MoV® Foundation course. The delegates will receive a MoV® Foundation certificate on the completion of the course. In the Foundation exam, the delegates need to achieve 50% to pass. After passing the Foundation exam, the delegates who are interested in MoV® Practitioner they will be able to enrol for MoV® Practitioner course and exam. Details of the exam as follows:

  • Type: Multiple choices
  • Duration: 40 minutes
  • Closed book exam
  • Total 50 questions

                                                                   


PROGRAM CONTENT

Overview of MoV®

  • What is Value?
  • Define MoV®
  • Understand the requirement of MoV®
  • Study relationship to other Management Methods

Discuss Seven Principles of MoV®

  • Coordinate with Objectives set in the organisation
  • Concentrate on Functions and Required Outcomes
  • Enhance the value by balancing variables
  • The Investment Decision
  • Adjust to suit the Subject
  • Learn From Past Experience and Enhance Performance
  • Allocate Roles and Responsibilities
  • Develop a Supportive Culture

MoV® Approach and Implementation

  • Explain the generic process around which a study can be structured
  • Describe the relationships between the MoV® leader and the rest of the team

MoV® Environment

  • Describe the external and internal factors affecting MoV® policies and strategies
  • Description of the considerations for the portfolio, project, program and operational environments

MoV® Embedding

  • Describe the embedding process
  • Advantages of embedding MoV®
  • Key steps involved in embedding MoV®
  • Roles and responsibilities required while applying MoV®
  • Reduce the weaknesses while implementation

The 7 MoV® Processes

  • Design a Program or Project
  • Collect required Information
  • Analyse Information
  • Process Information
  • Assess & Select
  • Create Value Improving Proposals
  • Implement & Share Outcomes

Common techniques used in MoV®

  • Analysis of information
    • Describe Benchmarking
    • Understand Process Mapping
    • What is Root Cause Analysis?
    • What is Discounted Cash Flow Analysis?
  • Developing Ideas
    • Describe Brainstorming
  • Evaluation and option selection
    • Describe Option Selection Matrix
    • Idea selection
      • Allocation to Categories
      • Idea Selection Matrix
    • Weighting techniques
      • Define Paired Comparisons
      • Define Points Distribution
    • Developing VIPs
      • Creating Proposals
      • Define Cost-Benefit Analysis
      • Developing Decisions
    • Implementing VIPs
      • Implementation Plans
      • Gathering Feedback
    • Following up
      • Monitoring Benefits

Implementing MoV®

  • Devising activities of MoV®
  • Respond To Internal and External Influences
  • Describe Portfolio, Program and Project Considerations
  • Explain Operational Considerations
  • Embedding MoV® into an organisation

MoV® Techniques

  • New methods used in MoV®
  • Describe techniques and strategies used within MoV®
  • What is Function Analysis?
    • Describe Function Analysis System Technique (FAST)
    • Understand Traditional FAST
    • What is Technical FAST?
    • What is Customer FAST?
  • Describe Value Trees
  • Measuring value
    • Define Value profiling (value benchmarking)
    • Simple multi-attribute rating technique (SMART)
    • Value index
    • Value metrics
    • Value for money ratio
    • Value Engineering / Analysis

Approach to Implementation

  • Describe Generic approach to MoV® implementation
  • Create the MoV® activities
  • Understand and articulate value
  • Prioritize value
  • Improve value
  • Quantify value
  • Monitor improvements in value

MoV® Foundation Enquiry

 

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

ABOUT Derby

Derby is an English city located on the banks of the Derwent River in the Derbyshire. It is the unitary authority area in the Derbyshire with a population of around 248,700 according to 2011 census. The status of the city was granted to the Derby in 1977 after the entitlement of all Saints Church as a Cathedral. The early settlement of the area can be found back to the Roman period. The small town in the Roman province of Britannia ‘Derventio’ was found by the Romans and Anglo-Saxons and Vikings supported the town in becoming the Five Boroughs of the Danelaw. The other four boroughs are Lincoln, Stamford, Nottingham and Leicester. Later on, Derby along with Leicester, Nottingham and Lincoln became the county towns of the United Kingdom. The city comprises the southernmost area of the World Heritage Site of the Derwent Valley Mills.

The town remained as a market town for long period till industrialisation and also recognised as the birthplace of the Industrial Revolution. The economy of the town grew rapidly in the industrial era. The railway was introduced in the city in the 19th century and it became the significant centre of the British rail industry. The largest aero engine manufacturer Rolls Royce is based in the city. The city also serves as a principal centre for advanced transport manufacturing and houses the large train manufacturer of the country, Derby Litchurch Lane Works. 

History

The old Roman fort served major site for the Roman camp of Derventio. The town was one of the fortified towns of the country, later on, it was occupied by Lady of Mercia and adjoined into the Kingdom of Mercia. It has been suggested that the name of the city is derived from the Deoraby meaning village of the Deer. Some stated that the name is borrowed from the Danish words for meaning deer settlement, while others claim that the name comes from the Derwent river meaning a valley thick with oaks. The early history of the city depicted that the Anglo-Saxons and Vikings communities were probably existed together and enclosed two parts of land surrounded by water.

The town was protected by the Parliamentary troops during the period of the Civil War in the 16th century and these troops contributed towards many battles and other engagements in the surrounding towns such as Nottinghamshire and Cheshire. John Lombe built the first water powered silk mill in the city in 1717. The notable residents of the town in the 18th century are John Whitehurst, Charles Darwin and Joseph Wright, contributed in the fields of paintings, philosophy, doctor and scientist. The Normanton Barracks were constructed in the city in 1877 to accommodate permanent military presence. 

The Local Government Act, 1888 transformed the Derby and it became county borough included the rural districts of South East Derbyshire resulted in the substantial rise in population from 132,408 to 219,578 in 1971. The economy of the city flourished with the arrival of car and aircraft factory city by Rolls Royce in the early 19th century. The city was attacked by German bombers during the both World Wars but faced comparatively little damage despite the presence of the rail and aero-engine industries. The city has also become a major cultural centre for the deaf community uses sign language in Britain.  

Education

The city follows two-tier education system includes non-selective primary and secondary schools. There are fifteen secondary schools, three independent schools and four special needs establishments. For further education, the city is served by the University of Derby located on the Kedleston Road.

Landmarks

The famous places to visit in the city include Darley Abbey, Derby Canal, Derby Industrial Museum, Derby Cathedral, St Mary’s Church, Derby Museum and Art Gallery, River Derwent, Royal Crown Derby Museum, Cathedral Quarter, Derby Arboretum and much more exciting locations.