Course Introduction

The Management of Value (MOV®) is an integrated methodology designed to manage the flow of value in the organisation and deliver the value with better use of the resources without reducing quality. The Management of Value (MOV®) Foundation course equip delegates with the knowledge regarding MoV® techniques, processes and principles. The two days Foundation course is designed to help individuals and organisations manage their services, projects and programmes effectively and consistently. The course enables the delegates to contribute to an improvement in decision making and policy making, maximize returns on investments, achieve transformational change more quickly, fulfill the key stakeholder requirements and balance the increasing demands with the available resources without compromising on quality.

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What's Included

Find out what's included in the training programme.

Course Content

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

The main aim of the MoV® Foundation course is to maximise value through the economy, efficiency and effectiveness. By the completion of the course, the delegates will be able to understand the value management methodology comprising a unique set of techniques, principles and processes, clarify the objectives and value priorities of the organisation, how MoV® can be applied within an operational environment and tailoring and embedding of MoV® within their organisation. 

MoV® Foundation Exam

The MoV® Foundation course prepares the delegates in acquiring the MoV® Foundation certification. The delegates are expected to achieve 50% marks to pass the examination. Details of the exam as follows:

  • 40 minutes in duration
  • Multiple choice questions
  • 50 questions total
  • Closed book exam

This course covers following topics:

Overview of MoV®

  • What is Value?
  • Define MoV®
  • Understand the requirement of MoV®
  • Study relationship to other Management Methods

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

  • External and internal factors affecting MoV® policies and strategies
  • Considerations for the portfolio, project, program and operational environment

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

 

 

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Delivery Methods

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Management of Value (MOV®) Foundation 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
London from £984
Newcastle from £1644
Chorley from £2744
Manchester from £1204
Crewe from £2744
Sheffield from £1754
Preston from £2744
Liverpool from £1644

FAQs

What are prerequisites for attending this course?

The MOV® Foundation course has no pre-requirements. However, basic knowledge of project, programme and operational environment would be beneficial.

Who should attend this course?

The course is intended for individuals who have no previous experience and who want to gain sufficient knowledge so that they can positively contribute to any project or in the operational environment. The course is also beneficial for:

  • Operational staff and managers who wish to acquire the knowledge of the overall structure of value management.
  • The PPM community who are accountable for supporting, managing and delivering projects and programs in the operational environment.

What will I learn during the course?

  • Describe the processes and techniques used within MoV®
  • Learn how MoV® can be applied at project, program and operational levels
  • Enable delegates to contribute effectively to MoV® activities led by others
  • Identify the requirement for using MoV® within an organisation
  • Classify the approaches for implementing MoV®
  • Monitor the expected outputs at each level of project and program

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.