MoV® Practitioner

Elevate Business values by implementing MoV® methodology

ABOUT THE PROGRAM

The MoV® Practitioner course provides the essential knowledge to the delegates to make optimum utilisation of available resources and increase the benefits arising from project, program and portfolio levels in the operational environment. The course equips the delegates with the fundamental knowledge required to implement MoV® principles and processes and maximise the return on investment and contribute to an improvement in decision making and policy making. The MoV® Practitioner qualification verifies the abilities and knowledge of the delegates to implement and tailor MoV® in a task-based scenario situation. During the two-day course, the delegates will learn the MoV® processes, MoV® principles, MoV® techniques and embedding MoV® within an organisation.

  • Organise and contribute positively to MoV® studies

  • Gain the MoV® certifications and enhance the career opportunities

  • Supplement current management practices to maximise the value and improved service delivery

  • Evaluate the project and program of the organisation and establish its organisational value

  • Promote sustainable decision-making and consider monetary and non-monetary factors

  • Courses delivered by certified and well experienced MoV® 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

The delegates must have completed and passed the MoV® Foundation course and exam before attending the MoV® Practitioner course. A proof of same must be presented on the day of the Practitioner exam to the instructor.

TARGET AUDIENCE

The course is designed for those delegates who have completed the Foundation qualification and who want to gain more knowledge and enhance their skills and capability to implement and tailor the MoV® methods and principles.

  • Operational staff and Managers who want to implement MoV® and its techniques and processes.
  • Delegates who are responsible for managing, supporting and delivering project, program or portfolio in the operational environment can also take the course. These include:
    • Project Managers
    • Program Managers
    • Operational Managers
    • Corporate Managers

WHAT WILL YOU LEARN?

  • Describe the Organisation’s objectives and value priorities
  • Learn how MoV® can be applied within an operational environment
  • Understand MoV® principles, processes, approach and environment
  • Tailor and implement MoV® within an organisation
  • Describe the concept of value and how value can be improved
  • Know the key benefits arising from the implementation of MoV®
  • Learn how to respond internal and external factors
  • Enhance the value by optimum utilisation available resources
  • Promote sustainable decision-making depends upon adding value by addressing both monetary and non-monetary parameters
  • Able to accomplish transformational change rapidly and efficiently
  • Fulfill the growing needs with available resources without compromising on quality
  • Describe the key topics in individual competence, the toolbox, organisational maturity, document checklists and health check
  • Learn how to tailor MoV® to particular projects
  • Prioritize value drivers using Function Analysis

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PROGRAM OVERVIEW

Value management provides an efficient structure and methodology that helps the individuals or organisations in achieving and enhancing business value and ensure an excellent quality of delivery. The MoV® Practitioner course provides advanced level certification and enables the delegates to increase the values across project, program, portfolios and operations. The courses introduce delegates to the MoV®  processes, principles and techniques and how MoV® activities should be applied for the whole project or program lifecycle.  The value management is complementary to project management and focused on elevating business value in line with objectives of the project. The Practitioner course builds on the knowledge gained at the Foundation level and enables the delegates to tailor and embed MoV® in the real scenarios within an organisation.

Vital MoV® Practitioner Exam Information

The delegates must pass the exam and achieve 50% to clear the Practitioner exam to gain the MoV® Practitioner certification. The exam checks the capabilities of delegates to carry out the specific tasks related to value management. The exam includes:

  • Objective based testing/Multiple choice questions
  • Eight questions having ten marks each
  • Total 80 marks, all questions are worth one mark
  • Open book exam
  • Duration: 2.5 hours

                                                                   


PROGRAM CONTENT

An Introduction to MoV®

  • Define value?
  • What is MoV®
  • The requirement of MoV®
  • Requirement in the Cabinet Office Best Practice Guidance
  • Understand its relationship to other management methods

MoV® Principles

  • Adjustment with goals of an organisation
  • Emphasis on functions and compulsory outputs
  • Balance the variables to maximise the value
  • Execute throughout the investment decision
  • Tailor to suit the subject
  • Learn from experience and strategies to improve performance
  • Assign clear roles and responsibilities and build a supportive culture

MoV® Environment

  • Classify internal and external factors affecting policies and procedures of MoV®
  • Understand project, program, portfolio and operational environment

MoV® Method and Execution

  • Describe general process around which a study can be organised
  • Explain the relationships between the MoV® leader and the team

MoV® Embedding

  • Brief the process of Embedding
  • Key steps involved in embedding MoV®
  • Describe the key benefits of embedding MoV®
  • Requirement for allocating role and responsibilities while using MoV®
  • Explain strategies to overcome barriers while implementation

MoV® Processes

  • Design a program or project
  • Collect the relevant Information
  • Analyse Information
  • Process Information
  • Evaluation and Selection Process
  • Develop value improving proposals
  • Implement and communicate outcomes

MoV® Techniques

  • Understand new techniques and strategies used in MoV®
  • Information Gathering
    • Describe Benchmarks
    • What is Process Mapping?
    • Define Root Cause Analysis
    • Explain Discounted Cash Flow Analysis
  • Constructing Ideas
    • Elaborate Brainstorming
  • Evaluation and Option selection
    • Describe Choice Selection Matrix
    • Idea selection
      • Determine Idea Selection Matrix
      • Allocation to Categories
    • Weighting Techniques
      • What is Paired Comparisons?
      • What is Points Distribution?
    • Creating VIPs
      • Generating Suggestions
      • Understand Cost-Benefit Analysis
      • Building Decisions
    • Implementing VIPs
      • Implementing Plans
      • Gathering Feedback
    • Follow-up
      • Monitoring Benefits
    • Function Analysis
      • Define Function Analysis System Technique (FAST)
      • Customer FAST
      • Technical FAST
      • Traditional FAST
    • Understand Value Trees
    • Measuring value
      • Describe Value profiling (value benchmarking)
      • Define Simple multi-attribute rating technique (SMART)
      • What is Value metrics?
      • What is Value index?
      • Describe Value for money ratio
      • Understand Value Engineering / Analysis

Implementing MoV®

  • Develop activities of MoV®
  • Respond to Internal and External Factors
  • Evaluate Project, Program and Portfolio considerations
  • Understand Operational considerations
  • Embedding MoV® into an organisation

MoV® Practitioner Enquiry

 

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

ABOUT High Wycombe

High Wycombe is an English town in the county of Buckinghamshire with a population of around 124,475 in 2015 according to ONS official estimates.it is also commonly known as Wycombe. It is the second largest town lies 27 miles southeast of Oxford, 29 miles northwest of London and 23 miles northeast of Reading. The wealth of the town is primarily based on the production of the furniture. The town is considered as a blend of both market and industrial town. The city consists an unparished area lies in the district of Wycombe and not covered by an administrative division of local government. The civil parish area of the town depicts the ancient parish of Chepping Wycombe and had a population of around 14000 in 2001 census. The part of the urban area is not covered under the control of municipal borough of the town. The town is surrounded by various suburbs including Bowerdean, Cressex, Terriers, Booker and Wycombe Marsh.

History

It has been proposed that the name of Wycombe was first recorded as Wichama in 799-802 meaning the dwellings. Some stated that the name originated from the Wye River and a wooded valley combe. The Roman villa dates back to the 150-170 AD was found during the excavation executed in 1954. The town is the birthplace of the 19th century notable Prime Minister Benjamin Disraeli. The early settlement of the town was first recorded as Wicumun in 970. The market borough status was granted to the town in the 12th century, and the first moot hall, meeting or assembly building for deciding local issues was first built in 1226.

During the Middle Age and Tudor period, the town was considered as a mill town, focused on the manufacturing of the lace and linen cloth. The town served as a halting point for travellers coming from Oxford to London and travellers used to stay in the lodges and motels. Due to the richness of chalk in the water of River Wye, the paper industry flourished in the 17th and 18th century. Later on, the cloth industry replaced the paper industry. The furniture factories started setting up their base all over the town and most popular furniture industry, Windsor chairs took possession in the 19th century. Large terraced houses were constructed to accommodate the workforce engaged in the furniture factories.

Many locally made chairs and the useful information on the lace industries and local furniture is displayed and restored in the Wycombe Museum. The social and economic condition of the city was completely dependent on the furniture industry. The decline of the furniture industry in 1960 brought significant social problems and unemployment in the town. A large number of housing areas were fallen into slums and even completely demolished under the slum clearance scheme in 1932. The girls’ school of the town became a base for 8th Air Force Bomber Command during the Second World War, later on, the site became their headquarters in 1944.

Recently, many redevelopment projects have planned in the town including the expansion of existing shopping centre, construction of multi-story car parks, redevelopment of the town centre and Buckinghamshire New University and completion of the new Eden Shopping centre. These developments further stimulated the construction of new multimillion-pound hotel and Sainsbury store next to the Eden shopping centre.

Education

The town follows a selective educational system based on the tripartite system of education in England and Northern Ireland. There are several primary, secondary and independent schools in the town. Among those, few are Booker Hill Combined School, Marsh Infants School, Cressex Community School, Wycombe High School, Crown House School and Wycombe Abbey. The town is served by Amersham and Wycombe College and Buckinghamshire New University for further and higher education. The main campus of the new university lies on the former site of College of Art and Technology of High Wycombe.