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MoV Foundation
Our MoV Foundation course is accredited by MoV® PeopleCert
Duration : 2 Days
Course Overview
Outline
What ‘s
Included
FAQ'sMoV Foundation Course Overview
The MoV® Foundation Course offers a comprehensive introduction to Value Management principles and practices, providing participants with essential tools to maximise value and minimise waste in projects and programs. Through interactive modules, learners gain a solid understanding of key concepts, such as value identification, stakeholder engagement, and value delivery mechanisms.
Prerequisites of the MoV® Foundation Course
The MoV® Training Course is intended for professionals across various roles and levels who are involved in or responsible for managing and maximising value within organisations. This course is particularly beneficial for a wide range of professionals, including:
- Senior Executives
- Portfolio Managers
- Programme Managers
- Project Managers
- Business Analysts
- Financial Managers
- Change Manager
Course Structure
MoV® Foundation Course Outline
- Overview
- Relationship with Other Best Management Practice Products
- How MoV® Fits with Other Best Practice Guides?
- What is Value?
- What is MoV®?
- Why Use MoV®?
- Where can MoV® be Used?
- When Should it be Used?
- What Does it Involve?
- Align with Organisation’s Objectives
- Focus on Functions and Required Outcomes
- Balance the Variables to Maximise Value
- Apply Throughout the Investment Decision
- Tailor to Suit the Subject
- Learn from Experience and Improve Performance
- Assign Clear Roles and Responsibilities and Build a Supportive Culture
- Frame the Programme or Project
- Gather Information
- Analyse Information
- Process Information
- Evaluate and Select
- Develop Value Improving Proposals
- Implement and Share Outputs
- Techniques Unique to MoV®
- Function Analysis System Technique (FAST)
- A Customer FAST Diagram
- Value Trees
- Exercise in Function Analysis
- Blank Form for Undertaking Function Analysis on a Project
- Example of Completed Function Analysis on a Project
- A Value Profile for a Hospital
- Value Index for the Same Hospital
- Demonstrating Value for Money
- Function Cost Analysis
- Value Engineering
- Techniques Commonly Used in MoV®
- Generic MoV® Study Plan
- Integrated Programme and Project Plans
- Programme or Project Organisation
- MoV® at Key Project Stages
- Approach to Implementation
- Value Cascade
- Environment: Responding to External and Internal Influences
- Project Considerations
- Operational Considerations
- Syllabus Area Appendices A-D
- Embedding MoV® into an Organisation
- Benefits of Embedding
- Embedding MoV® into an Organisation – Key Steps
- Suggested MoV® Management Structure
- Overcoming Barriers
- International Standards in Value Management
- Executive Guide to Value Management
What ‘s Included
MoV® Training Courseware
MoV® Foundation exam
MoV® Foundation Certificate
World-Class Training Sessions From Experienced Instructors
Exam
MoV® Foundation Exam
Ways to take this course
Classroom Training
Face-to-face sessions led by expert instructors, fostering interactive learning experiences and collaboration among delegates.
Online Instructor-Led Training
Live virtual classes led by experienced trainers, offering real-time interaction and guidance for optimal learning outcomes.
Online Self-Paced Training
Flexible learning at your own pace, with access to comprehensive course materials and resources available anytime, anywhere.
On-Site Training
Customised courses delivered at your location, tailored to your specific needs and scheduling preferences.
MoV Foundation Calender
Worldwide Learning Experience
These courses cater to learners worldwide, offering flexible options to fit your schedule and location.
Learning Path Towards Success
Explore
Dive into our comprehensive courses to find the best fit for your career goals.
Study
Avail our high-quality learning resources to scale up your career.
Practice
Gain hands-on experience through practical exercises, assignments and case studies.
Succeed
Achieve the skill set to attain a competitive edge in the job market.
Frequently Asked Questions
What is MoV®?
MoV® stands for Management of Value. It's a methodology designed to maximise value from investments and change initiatives while minimising risks and resources.
Who should take the MoV® Foundation Course?
The course is ideal for individuals involved in project management, change management, and business transformation, seeking to enhance their understanding of value management principles.
What are the prerequisites for taking the MoV® Foundation Course?
There are no prerequisites for the Foundation level. It's suitable for both beginners and experienced professionals interested in value management.
What topics are covered in the MoV® Foundation Course?
The course covers fundamental concepts of value management, including MoV® principles, the MoV® approach, value perspectives, and the benefits of value management.
What is duration of the MoV® Foundation Course?
The MoV® Foundation Training spans two days of training sessions, including lectures, discussions, and practical exercises.
What is the format of the MoV® Foundation Exam?
The exam consists of multiple-choice questions designed to assess understanding of MoV® principles and concepts covered in the Foundation course.
Is the MoV® Foundation Certification internationally recognised?
Yes, the certification is recognised globally, demonstrating proficiency in value management principles applicable across various industries and sectors.
What are the benefits of obtaining the MoV® Foundation Certification?
By obtaining the certification, professionals can enhance their value management skills, leading to improved decision-making, better resource allocation, and increased benefits realisation within organisations.
How can I prepare for the MoV® Foundation Exam?
It's recommended to thoroughly review the course materials, take practice exams, and participate in discussions to reinforce understanding of MoV® principles and concepts before the exam.
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