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 Luton

Luton is a large town in the historic county Bedfordshire in the East of England with a population of around 216,800 according to 2011 census. It is situated 30 miles northwest of London and 22 miles southeast of Milton Keynes. London Luton Airport, one of the major airport of United Kingdom is located 1.7 miles east of the town centre and was opened in 1938. The town is home to the University of Bedfordshire and the English Football League Two team or League Two team is also based in the city. The town remained popular for its hat making business for many years. The headquarters of the Vauxhall Motors, one of the oldest vehicle manufacturers in Great Britain is based in the town. The largest one day carnival of Europe ‘Luton International Carnival’ is held every year in the Luton.

History

The traces of the early human settlement of the area was found at Mixes hill and Round Green. The 250,000 years old Palaeolithic encampments were also found at the same place. The remains of the Neolithic period included Waulud’s Bank is much more common. It has been believed that the town is discovered by the Anglo-Saxons in the 6th century and named the city after River Lea. The town’s population was around 800, and the economy was based on the agriculture. The work of the St Mary’s Church was completed in 1137. In 1139, a motte and bailey castle was built, later on, it was demolished in 1154. The place of the castle is now occupied by British fashion and homeware retailer, Matalan. There were six watermills in the town during the Medieval Period.  

In the 13th century, a market for surrounding villages was held in the town every year. The second fair was granted to the town from 1338 with the growth of the town. The town was severally affected by the large fire in 1336. However, the town was rebuilt rapidly after the fire. The agriculture base of the town was replaced by brick making industry in the 16th century, and many older wooden houses were rebuilt in brick. The Royalists entered the town during the English Civil War and demanded goods and money in the 17th century. The royalists were attacked by parliamentary forces, and most of the royalists escaped from the town. The hat making industry dominated the economy of the town by the 18th century. The hat making business is still into operations but on the very smaller scale. In 1722, the first Luton Workhouse was built on Dunstable Road.

The population of the town was recorded 3095 in 1801. The town saw a large expansion in the 19th century resulted in the population of around 39,000 by 1901. The gas was supplied to the town in 1834 and gas street lights were elevated in 1847. The work of water and sewerage system was completed in 1860 followed by the major epidemic cholera spread in the town in 1848. The town gained the status of the borough in 1876. The hat making industry was replaced by other industries in the 20th century. The largest car plant was opened by Vauxhall Motors in 1905 and employed 30,000 people. The production of cars was ended in 2000, and the plant closed in 2002.   

Economy

Traditionally, the town’s economy has been based on Car manufacturing and engineering sector. The focus of the economy is now shifting to service industry particularly in the retail and airport sectors. However, the light industry still operates in the town. The town is home to the headquarters of the well-known firms including Monarch Airlines, EasyJet, Vauxhall Motors and Impellam Group. The principal employers in the town include Luton Borough Council, Aircraft Service International Group, Menzies Aviation, University of Bedfordshire and Luton and Dunstable University Hospital NHS Foundation Trust.