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 Teesside

Teesside is the region situated in north east of England. It is located in the urban centre of Middleborough. River Tees is the famous river along it. There are so many benefits to this region such as transportation of goods, employment opportunities in transportation and also cheap rates goods. Since many years, it has been the destination for jobs for many people. The heavy industries include power stations, heavy machinery, drilling and production of steel. With every coming year, the Strength of the industry only increased. Various nearby people joined this development journey of Teesside with full zeal. The technology of the region has drastically attracted employment opportunities for the region. Now, most of the people are moving towards services sector of this region as the income growth is high. As the 21st century, everybody depends upon advanced technology. Informational technology, call centres, online shopping and internet services are some examples of this sector.

Local Government, Area and Population

In 1947, the Teesside borough along with its Hartlepool and Guisborough towns absorbed into the non-metropolitan county of Cleveland. Further, the area was divided into Middleborough, Langbarugh, and Stockton-on-Tees boroughs. Under the reorganisation act 1966, it further broke into four independent unitary authority boroughs. The reorganisation was recommended under the Banham Review. This promotion was not appreciated by the local people. According to them, the local government is doing the unnecessary and unwanted rebranding. The population survey was held in the year of 2011. According to this survey, the population came nearly 3 lakh 76 thousand. This shows just 3% hike as compared to 2001 census. The population was 3 lakh 65 thousand as per 2001 census. A narrow gap divides Eaglescliffe and Yarm areas with population 19,184.

Business

There have been found the huge chemical deposits in this area. The search of it leads to a very good business in this industry. Many industries have been opened in this area and as the modernisation gets its pace. There are no other business setups in the region such as activities like information technology, science development, and services sector like call centres.

Education

As per 2015 -2016 HESA student record, there are total 18,580 students on the campus of Teeside University. In the mid-18th century, there was a shortage of funds which lead to a barrier in the development of mechanics institute. Ever after the proper funding to college, the development projects did not go with the required pace. A governing council gave an offer of double the price. Teesside University provides rooms to first-year undergraduate students. It is to the walking distance from the university campus. There are 5 schools in the university such as School of Design, Culture and The arts, computing and 3 more in the row.

Modes of transportation

Because of the river Tees, the water mode of transportation is the most favoured transport and used by the locals. The port of the city also stands among biggest ports among the United Kingdom. It got the maximum traffic of the goods. The business of thousands of million pounds happened through this Tees port every year.  The Europe goods are also dependent upon this mode of transportation. Various gulf and Asian countries also do import and export through this route. It is also beneficial to other countries. The port usually has the traffic of goods worth millions of pounds.

Notable places

The Teesside University, park, international airport are few places in the basket. Most of the students are getting its education in the Teesside University. Teesside retail and Leisure Park are also good places to visit. A number of visitors love to come to this place.