Course Introduction

The MoV® (Management of Value) course enables the delegates to maximise the benefits from projects, programmes and portfolios by optimal utilisation of available resources and enhance the value within the fulfillment of project and programme objectives and delivery of key stakeholder requirements. During the course, the delegates will discover the main processes and techniques used within MoV®, set of conditions under which MoV® should be used, main benefits emerging from the use of MoV®, techniques for implementing MoV®, and principles of embedding MoV® into an organisation. The course also covers the key topics in document checklists, health check, individual competence, toolbox and organisational maturity. The course includes both Foundation and Practitioner exams.      

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What's Included

Find out what's included in the training programme.

Course Content

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

The MoV® Foundation & Practitioner course provides delegates with a clear understanding of the MoV® Guidance Appendices, MoV® Approach and Implementation, Embedding MoV® and MoV® Environment. The delegates will learn the concept of value and how value may be improved, how MoV® can be applied at operational, programme, project and portfolio levels and how to respond to external and internal influences.   

MoV® Foundation & Practitioner Exam

In order to acquire MoV® certifications, the delegates need to pass both Foundation and Practitioner exams. Details of both exam are as follows:

MoV® Foundation Exam

  • 40 minutes duration
  • Closed Book exam
  • Multiple choice questions
  • Total 50 questions

MoV® Practitioner Exam

  • 5 hours duration
  • Open Book exam
  • Objective based testing
  • 8 questions having 10 marks each
  • 80 marks available

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®

  • What is value?
  • Define MoV®
  • Understand the requirement of MoV®
  • Role in the Cabinet Office Best Practice Guidance
  • Relationship to other management methods

MoV® Principles

  • Alignment with objectives of an organisation
  • Concentrate on functions and required outcomes
  • Balance the variables to enhance the value
  • Implement throughout the investment decision
  • Adapt to suit the subject
  • Learn from past experience and strategies to improve performance
  • Allocate clear role and responsibilities and create a supportive culture

MoV® Method and Execution

  • Understand general process around which a study can be organised
  • Relationships between the MoV® leader and the team

MoV® Environment

  • Identify internal and external factors affecting policies and strategies of MoV®
  • Describe the project, program, portfolio and operational environment

MoV® Embedding

  • Describe the process of Embedding
  • Steps involved in embedding MoV®
  • Describe the advantages of embedding MoV®
  • Clarify role and responsibilities while applying MoV®
  • Techniques to overcome hurdles while implementation

MoV® Processes

  • Design a program or project
  • Collect the required and relevant Information
  • Analyse Information
  • Process Information
  • Assess and select
  • Create value improving proposals
  • Implement, share and communicate outcomes

MoV® Techniques

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

Implementing MoV®

  • Create activities of MoV®
  • Internal and External Factors and how to respond?
  • Analyse Project, Program and Portfolio considerations
  • Describe Operational considerations
  • Embedding MoV® into an organisation
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Delivery Methods

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MoV® Foundation & 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 £4394
Leeds from £4394
Virtual from £1424
London from £1813
Newcastle from £3074
Chorley from £4394
Manchester from £1974
Crewe from £4394
Preston from £4394
Liverpool from £3074

FAQs

What are prerequisites for attending this course?

The MoV® Foundation & Practitioner course has no prerequisites. However, some experience of project or programme environment would be beneficial.

Who should attend this course?

The MoV® Foundation & Practitioner course is designed for individuals who have no previous knowledge and who want to gain sufficient knowledge so that they can make a positive contribution to any project or improvements in the operational environment. Delegates who want to take MoV® Foundation and MoV® Practitioner exam can also take the course. The course is also aimed at:

  • Managers and staff of an organisation who wish to acquire knowledge of the MoV® principles and methodology
  • PPM (Project and Programme Management) community including Senior Management, Project Managers, Change Managers, etc
  • Individuals who are responsible for directing, delivering or supporting project or programme

What will I learn during the course?

  • Learn how to implement MoV® in the current task-based scenarios
  • Analyse the techniques for tailoring and embedding of MoV® within an organisation
  • Learn how MoV® can be applied at project, program and portfolio levels
  • Learn how to respond to internal and external factors
  • Learn how MoV® can be applied within an operational environment

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.