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 Windsor Town

Windsor is a historic market town based in the country of Berkshire, England UK. It is popularly known as the site of Windsor Castle, which is the official residence of the British Royal Family among various residences. It is located on the River Thames which is 20 miles west of London. Windsor is one of the Berkshire prettiest towns. Windsor has a population nearly about 31,000. Windsor is located 34 km west of Charing Cross, London, 1sss1 km south-east of Maidenhead and 34 km east of the Reading county town. It is famed for its royal connections and history of the royal family. The delightful countryside of Royal Berkshire has surrounded the Windsor town which offers a great trip from the capital. The village of Old Windsor is 3 km to the south which is now known as Windsor; previously it is known as New Windsor to differentiate between both.

Transport

Windsor can be reached without any difficulty by car from several locations in the UK through M4 which is connected to the M5, M25 and M40. Car parks and various other attractions of the town are very well sign-posted. The famous landmark of the Windsor town which is Windsor Castle can be seen while approaching via M4 by car.

Windsor has two railway stations which were constructed in the 19th century namely Windsor and Elton Riverside station which can be reached by London Waterloo station and the other is Windsor and Elton Central railway station which leads to the heart of Windsor.

Windsor town can be reached by air as well from Heathrow, Luton, Stanstead and Gatwick which are the closest airport to Windsor.

Famous Destinations

Windsor town is one of the England’s premier tourist destinations. Windsor has several attractions such as historic buildings, shops, restaurants, etc. Following are some famous tourist attractions:

  1. Windsor Castle: It is truly wonderful and a grand castle built atop a chalk hill. William built this medieval castle after the Norman invasion in 1066. More than 900 years, Castle has served as the British Royals residence.
  2. Legoland Windsor Resort: It is a fun family resort. Legoland Windsor Resort set in the parkland 150 acres. It is a very popular destination that more than two million visitors visit this destination every year. The prominent things of the Legoland resort is a knight-inspired fireworks show, Halloween and Christmas festivals and special events for toddlers.
  3. Windsor Royal Shopping: This shopping place is situated opposite to the Windsor Castle. In 1997, Axa Sun Life purchased the Windsor railway station site, remodelled and enlarged the building of station to become the Shopping Centre. This Windsor Royal Shopping has over 40 exciting shops, restaurants, art and craft market and cafes.
  4. Thames Boat Trips: The Thames River is like a heart of the Windsor. Through boat trips, you can enjoy the several charm sightseeing trips along the river Thames. It takes the passengers to the interesting places like Kingston-upon-Thames.

Education

A three-tier school system is followed in Windsor which renders the state schooling by Royal Borough of Windsor and Maidenhead. For children under the age of 13 three famous schools are Dedworth Middle School, St. Edward’s Royal Free Ecumenical Middle School and Trevelyan Middle School. Two single gender secondary schools are The Windsor Boys School and Windsor Girls School; various independent schools are also operating namely Brigidine School and St. George’s School, Windsor Castle.

Constitution

Windsor and Maidenhead Royal Borough arrange out the operations of the council, and an elected unitary authority manages it. Adam Afriyie who is notable for being the first black Conservative in the House of Commons elected in 2005 General Election is the present Member of Parliament for the Windsor constituency.