MoV Training | MoV® Foundation & Practitioner Training in Las Vegas

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.