MoV® Foundation & Practitioner Overview

MoV® Foundation & Practitioner Course Outline

This MoV® Foundation and Practitioner training course covers areas from both the MoV® Foundation syllabus and the MoV® Practitioner syllabus:

Module 1: Introduction to MoV®

  • 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?

Module 2: MoV® Principles

  • 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

Module 3: MoV® Processes

  • Frame the Programme or Project
  • Gather Information
  • Analyse Information
  • Process Information
  • Evaluate and Select
  • Develop Value Improving Proposals
  • Implement and Share Outputs

Module 4: MoV® Techniques

  • 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®

Module 5: Approach to Implementation

  • Generic MoV® Study Plan
  • Integrated Programme and Project Plans
  • Programme or Project Organisation
  • MoV® at Key Project Stages
  • Approach to Implementation
  • Value Cascade

Module 6: Syllabus Area Environment and Embedding

  • 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

Module 7: Exercises

  • Function Analysis
  • Develop a Value Tree
  • Weighting Attributes
  • Develop a Value Profile
  • Develop a Value Index
  • Value for Money Ratio
  • Value Engineering
  • Option Evaluation and Selection

Module 8: Group Discussion

  • Stimulating Innovation
  • Value and Value for Money
  • Timing and Planning
  • Setting Up and Delivering a MoV® Study
  • Teams and Stakeholders
  • MoV® in the Organisation
  • Integrating with Best Management Practice
  • Structure of Guide

Further Training for Study Leaders

 

MoV® is a registered trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.

The Swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.

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Who should attend this MoV® Foundation & Practitioner Training Course?

The MoV® Foundation & Practitioner Training Course is designed for professionals seeking to enhance their skills in value management. It caters to individuals aiming to understand and apply principles to improve organisational value and the realisations of benefits. This course can be beneficial for a wide range of professionals, including:

  • Business Analysts
  • Financial Analysts
  • Risk Managers
  • Project Managers
  • Programme Managers
  • Portfolio Managers
  •  Strategic Planners

It's noteworthy that having MoV® already implemented within your business is not a prerequisite for participating in this training course.

 Prerequisites of the MoV® Foundation and Practitioner Training Course

The MoV® Foundation and Practitioner Course is open to all delegates without specific prerequisites. However, having some experience in Project or Programme Management could prove beneficial.

MoV® Foundation & Practitioner Course Overview

Management of Value (MoV®) is a comprehensive methodology crucial in maximising value delivery and optimising project resources. In today's dynamic business landscape, understanding MoV® is pivotal to achieving strategic objectives efficiently. This course provides a foundational understanding of MoV®'s principles and practices, equipping individuals with essential tools for value-driven decision-making.

Mastery of MoV® is imperative across diverse professions, including project managers, business analysts, and strategic planners. Proficiency in MoV® enables professionals to enhance value realisation, mitigate risks, and ensure optimal resource allocation, contributing significantly to project success and organisational growth.

This intensive 4-day MoV Training empowers delegates with practical insights into MoV® methodologies, offering hands-on techniques to identify and maximise value opportunities while effectively managing risks. Delegates will gain a comprehensive understanding of MoV®'s application in real-world scenarios, enhancing their ability to drive value-centric strategies.

Course Objectives

  • To comprehend the fundamental concepts and principles of MoV®
  • To apply MoV® methodologies to enhance value realisation in projects
  • To identify and assess value opportunities and risks systematically
  • To develop strategies for optimising resources and minimising waste
  • To employ MoV® techniques for effective decision-making and governance
  • To integrate MoV® practices into project management processes
  • To prepare for the MoV® Foundation and Practitioner Certification exams

After completing this MoV® Course, delegates can pursue certification examinations to validate their proficiency. Achieving MoV® certification signifies the ability to implement value-driven strategies, enhancing career prospects and contributing significantly to organisational success.

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What's included in this MoV® Foundation and Practitioner Training Course?

  • MoV® Foundation Examination
  • MoV® Practitioner Examination
  • World-Class Training Sessions from Experienced Instructors
  • MoV® Foundation Certificate
  • MoV® Practitioner Certificate
  • Digital Delegate Pack

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MoV® Foundation Exam Information

The MoV® Foundation Exam evaluates knowledge of the MoV® methodology, aiming to enhance value and optimise decision-making in organisations by maximising value while minimising waste and risks. The exam format is as follows: 

  • Question Type: Multiple Choice 
  • Total Questions: 50 (each question is worth 1 mark) 
  • Total Marks: 50 Marks  
  • Pass Marks: 50%, or 25/50 Marks 
  • Duration: 40 Minutes 
  • Open Book/Closed Book: Closed Book

MoV® Practitioner Exam Information

The MoV® Practitioner Exam assesses a candidate's ability to apply and tailor the MoV® methodology in practical scenarios. The exam format is as follows:

  • Question Type: Objective Questions 
  • Total Questions: 8 (each question is worth 10 marks) 
  • Total Marks: 80 Marks 
  • Pass Marks: 50%, or 40/80 Marks 
  • Duration: 150 Minutes 
  • Open Book/Closed Book: Open Book

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Why choose us

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led MoV® Foundation & Practitioner. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's MoV® Foundation & Practitioner, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Experience the most sought-after learning style with The Knowledge Academy's MoV® Foundation & Practitioner. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led MoV® Foundation & Practitioner sessions.

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Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

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State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

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Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

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Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite MoV® Foundation & Practitioner at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

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Team building opportunity

Our MoV® Foundation & Practitioner offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

MoV® Foundation & Practitioner FAQs

MoV® is a flexible methodology that concentrates on boosting value through the utilisation of resources.
Yes, this training course is accredited by PeopleCert on behalf of AXELOS.
All MoV® Foundation and Practitioner instructors are fully accredited and have over 10 years of experience in the field.
Yes, the MoV® Foundation and Practitioner exams are both included.
The price for MoV® Foundation & Practitioner certification in Australia starts from AUD5695
The Knowledge Academy is the Leading global training provider for MoV® Foundation & Practitioner.
Please see our MoV® Training courses available in Australia
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Why choose us

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Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

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Trusted & Approved

Our MoV® courses are fully accredited by AXELOS

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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MoV® Foundation & Practitioner in Australia

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