MoV® Foundation

This courseware is available in a Virtual Classroom configuration.

This 2-day interactive MoV Foundation course provides a modular and case-study-driven approach to learning Management of Value (MoV). The core knowledge is structured and comprehensive;…

	Certificate	MoV® Foundation
	Duration	2 Days
	Delivery	Blended, Classroom, Virtual Classroom
	Accreditor	PEOPLECERT
	Languages	English

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What is included in MoV® Foundation

Course Description

This 2-day interactive MoV Foundation course provides a modular and case-study-driven approach to learning Management of Value (MoV). The core knowledge is structured and comprehensive; and well-rounded modules cover the methodology and various techniques. A case study is used to help appreciate the relevance of MoV in its practical application.

Course Information

Certification: MoV® Foundation

Duration: 2 Days

Domain: Project and Program Management

Delivery Method: Blended, Classroom, Virtual Classroom

Accreditor: PEOPLECERT

Available Languages: English

Purchase Options: Pay Per Use Courseware

Audience

The course will be of benefit to all levels of management including:

Corporate Managers – responsible for instigating MoV studies with a view to starting new programs or projects
Program Managers – responsible for making sure programs deliver the best value solutions taking into account the views of the stakeholders
Project Managers – responsible for delivering products from their projects that represent the best value for money solutions
Operational Managers – responsible for undertaking MoV studies to assist in reviewing operational procedures and improving efficiency
Any other professionals who have an interest or responsibility for Management of Value within their organization

Learning Objectives

Upon completion of an MoV course candidates should be able to discuss and explain:

The main processes and techniques used within MoV and the reasons for using them
How MoV may be applied at portfolio, program, project and operational levels
The differences in applying MoV at different stages in a project and the expected outputs from a MoV Study at each stage
The circumstances under which MoV should be used
The concept of value and how value may be improved
The main benefits arising from the use of MoV
Approaches for implementing MoV
How to respond to external and internal influences
The principles of embedding MoV into an organization
The key topics in document checklists, the toolbox, health check, organizational maturity and individual competence.

Course Outline

Course introduction

Introduction to value management and MoV

Value and Value Management
Capabilities, Outcomes, Benefits and Disbenefits
What is Value?
What is Management of Value (MoV)?
Why use MoV?
Where use MoV?
When MoV should be used?
What using MoV involve?
Selected MoV benefits
Relationship with other AXELOS Global Best Practices and Models
How MoV fits with other AXELOS Global Best Practice Guides

MoV principles

1. Align with organization’s objectives
2. Focus on functions and required outcomes
3. Balance the variables to maximise value
4. Apply throughout the investment decision
5. Tailor MoV to suit the subject
6. Learn from experience and improve
7. Assign clear roles and responsibilities and build a supportive culture

MoV processes

1. Frame the programme or project
2. Gather information
3. Analyse information
4. Process information
5. Evaluate and select
6. Develop Value Improving Proposals
7. Implement and share outputs

Lunch

MoV techniques

Function Analysis
- Function Analysis System Technique (FAST)
- Traditional (or classic) FAST
- Technical FAST
- Customer FAST
Value Trees
Measuring value
- Value profiling (a.k.a. value benchmarking)
- Simple multi-attribute rating technique (a.k.a. SMART)
- Value index
- Value metrics
- Value for money (VfM) ratio
- Value Engineering / Analysis

Recap Day 1

Common techniques used in MoV

Analysis of information
- Benchmarking
- Process Mapping
- Root Cause Analysis
- Discounted Cash Flow Analysis
Generating Ideas
- Brainstorming
Evaluation and option selection
- Option Selection Matrix
- Idea selection
  - Allocation to Categories
  - Idea Selection Matrix
Weighting techniques
- Paired Comparisons
- Points Distribution
Developing VIPs
- Developing Proposals
- Cost Benefit Analysis
- Building Decisions
Implementing VIPs
- Implementation Plans
- Feedback
Following up
- Tracking Benefits

Approach to Implementation

Generic approach to MoV implementation
Plan the MoV activities
Understand and articulate value
Prioritize value
Improve value
Quantify value
Monitor improvements in value
Learn lessons

Environmental factors

Portfolio Considerations
Programme considerations
Project considerations
Operational Considerations

Lunch

Embedding MoV into an organization

Benefits of Embedding MoV into an organization
MoV Policy
MoV Policy – Composition
Embedding MoV into an organisation – Key steps
Suggested MoV Management Structure
Overcoming barriers
We do it anyway
It takes up too much time
We can’t afford to make the changes
What’s in it for me?
Don’t fix it if it ain’t broke
Fixed returns on investment

MoV products

Briefing Meeting Agenda (A.1)
Communications Checklist (A.2)
Equipment list for an Effective Study/Workshop (A.3)
Invitation to join the Study Team (A.4)
Option Evaluation Matrix (A.5)
Plan the Study (A.6)
Recording Idea Selection (A.7)
Reporting Study outputs (A.8)
Scoping the Study (A.9)
Study or Workshop Handbook (A.10)
Value-Improvement Proposal Forms (A.11)
Value Improvement Tracking Report (A.12)

MoV toolbox

MoV health check and maturity model

P3M3 Maturity Model
MoV Maturity Model (aligned with P3M3)

Recap Day 2

Available Courseware For MoV® Foundation

Instructor Package

Includes a slide deck suitable for Classroom and Virtual Classroom delivery, instructor notes to guide the trainer through the course delivery, and a version of the Coursebook.

Learner Coursebook

Coursebook with all the relevant information required for the learner to take and pass the exam.

Course Agenda

Sample agendas for running successful Classroom, Virtual Classroom, or Blended Classroom sessions.

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We really enjoy the way the courseware is structured, covering not only the theoretical aspects but also clear real-life examples.

Gabriel Espinosa

Service Desk Manager At City National Bank