Course Introduction

The MoV® Practitioner course builds on the knowledge and skills acquired at Foundation level and develop the ability of the delegates to apply principles and processes of MoV® through practical exercises. The course enables the delegates to apply and tailor MoV® techniques and concepts in a scenario situation and help the organisations to deliver more relevant outcomes less expensively. During the two day course, the delegates will be introduced to the world of the value management and seven principles and processes upon which MoV® is based. The course also covers MoV® activities, project, programme and operational considerations, implementation and embedding MOV® into an organisation. The course is beneficial for individuals who support operational efficiency improvement initiatives and also responsible for the project, programme, or portfolio management in the public or private sectors.

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What's Included

Find out what's included in the training programme.

Course Content

The MoV Practitioner training course is provided by Datrix Training where you will be taught by one of our experienced instructors. 

MoV® is focused on maximising value while meeting the increasing demands of the key stakeholders and programme and project objectives without reducing quality.

MoV® Practitioner Exam

The delegates must pass the Practitioner exam to gain the MoV® Practitioner certification. After passing the exam, the Practitioners will receive a MoV® certificate. The delegates need to achieve 50% marks in order to gain the MoV® Practitioner qualification. Details of the exam as follows:

  • Objective based testing
  • 5 hours duration
  • Open book exam

The Practitioner exam is to be completed at a mutually convenient date (please see the below details for further information).

Online Exam:

We provide comprehensive support during the exam process to make the experience as simple as possible. This exam can be taken at a suitable time, subject to availability; online, anywhere.

The benefits of Online Exams are:

  • Rather than having to be out of the office for a paper exam, once you have received your exam voucher you can arrange directly with the accrediting body for a time that suits you
  • It allows you to complete all revision activities at your own pace to help you prepare for your exam to maximise your passing potential
  • It allows you to revise further before taking the exam
  • Exam results are issued much quicker than the paper based format

 

Compatibility Check for Online exam:     Please click here

Exam Guidelines:                                 Please click here

 

This course covers following topics:

An Introduction to MoV®

  • Define value
  • What is MoV®
  • 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

 

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Delivery Methods

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Management of Value (MOV®) Practitioner Enquiry

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Reach us at 0800 781 0626 or info@datrixtraining.com for more information.

Course Schedule

Select Your Location

Northampton from £2744
Virtual from £874
Leeds from £1204
Preston from £2744
London from £984
Liverpool from £1644
Sheffield from £1754
Newcastle from £1644
Chorley from £2744
Manchester from £1204

FAQs

What are prerequisites for attending this course?

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

Who should attend this course?

The course is intended for delegates who have acquired MoV® Foundation certification and who want to expand their area of knowledge and develop their ability to tailor and embed MoV® techniques and processes. Individuals who are accountable for directing, delivering, managing and supporting projects and programmes can also attend the training program. 

What will I learn during the course?

  • Learn how MoV® can be applied to an operational environment
  • Tailor and implement MoV® within an organisation
  • Learn how to respond internal and external factors
  • Able to accomplish transformational change rapidly and efficiently
  • Fulfill the increasing needs with available resources without compromising on quality
  • Promote sustainable decision-making depends upon adding value by addressing both monetary and non-monetary parameters
  • Understand the Organisation’s objectives and value priorities

What time shall I arrive at the venue?

Please arrive the venue at 8:45 am as our training sessions are from 9:00 am to 5:00 pm.

How can I find more information about the course?

Please send us an e-mail on info@datrixtraining.com or contact us on 0800 781 0626 for more information.