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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.
Who should attend this MoV® Foundation & Practitioner 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
Prerequisites of the MoV® Foundation and Practitioner 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. It is a fundamental point in this generation that MoV® knowledge will be crucial to handle strategic and task basic goals promptly. This subject enables students to draw upon the principles and practices of MoV® in their work. The courses equip the individuals with the essential skills they need to make choices that are centred on value.
The MoV® authority needs to be acquired in all positions of employment 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 4-day MoV Course by The Knowledge Academy avails the delegates with practical insights into MoV methodologies where these delegates also learn some techniques that they can be able to use to either maximise or identify values amongst other key factors like managing risks. This will enrich the delegates' overall understanding of how it can be deployed in practical case studies and contribute to value creation.
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
Upon completing the MoV® Foundation & Practitioner Course, delegates become eligible to take the certification examination, which validates their expertise. Earning the MoV® Certification demonstrates their ability to implement value-driven strategies, enhance career prospects and significantly contribute to the success of their organisation.
What's included in this MoV® Foundation and Practitioner Course?
- MoV® Foundation Examination
- MoV® Practitioner Examination
- World-Class Training Sessions from Experienced Instructors
- MoV® Foundation Certificate
- MoV® Practitioner Certificate
- Digital Delegate Pack
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
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.
Live classes
Join a scheduled class with a live instructor and other delegates.
Interactive
Engage in activities, and communicate with your trainer and peers.
Global Pool of the Best Trainers
We handpick from a global pool of expert trainers for our Online Instructor-led courses.
Expertise
With 10+ years of quality, instructor-led training, we equip professionals with lasting skills for success.
Global Reach
With classes running in all timezones, access any of our courses and course material from anywhere, anytime.
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.
Highly experienced trainers
Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience
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
Small class sizes
Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment
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.
Tailored learning experience
Leverage benefits offered from a certification that fits your unique business or project needs
Maximise your training budget
Cut unnecessary costs and focus your entire budget on what really matters, the training.
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
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
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Wendy Cousans
Amazing trainer
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MoV® Foundation & Practitioner FAQs
MoV® is a framework that enhances value within organisations by optimising resource use and decision-making. It focuses on maximising benefits, minimising costs, and improving overall project management and business operations efficiency.
This course equips professionals with the skills to maximise value within projects and portfolios, enhancing decision-making and resource management. It also provides a recognised certification, boosting career prospects in value management roles.
The MoV® Foundation & Practitioner Training provides a thorough knowledge of the principles of management of Value. It equips delegates with the skills to apply value management techniques in various organisational contexts, enhancing decision-making and resource optimisation.
The MoV® Foundation and Practitioner Training is open to all delegates without specific prerequisites. However, having some experience in Project or Programme Management could prove beneficial.
In this training course, delegates will have intensive training with our experienced instructors, a digital delegate pack consisting of important notes related to this course, and a certificate after course completion, ensuring you gain practical experience and in-depth knowledge of the course.
This course takes 4-days to complete during which delegates participate in intensive learning sessions that cover various course topics.
The MoV Foundation & Practitioner Certification equips you with skills in value management, including the ability to optimise project benefits, improve decision-making, and apply structured frameworks to maximise value while balancing cost and risk effectively.
Completing the MoV® Foundation & Practitioner Training opens up career opportunities in project management, risk management, and business analysis. Professionals can pursue roles like Value Management Consultant, Project Manager, or Business Analyst, enhancing organisational efficiency.
Yes, after completing MoV® Foundation & Practitioner Certification you will receive a certificate of completion to validate your achievement and demonstrate your proficiency in the course material.
Yes, this training course is accredited by PeopleCert on behalf of AXELOS.
The MoV® Foundation and Foundation & Practitioner instructor is highly experienced and has extensive knowledge of the Management of Value principles. They bring years of practical expertise in delivering value management training, ensuring delegates gain a deep understanding of MoV® methodologies.
Yes, the MoV® Foundation and Practitioner Course exams are included.
Yes, The Knowledge Academy offers 24/7 support via phone & email before attending, during, and after the course. Our customer support team is available to assist and promptly resolve any issues you may encounter.
If you are unable to access your course, contact the support team at The Knowledge Academy via their customer service email or phone number provided on their website for prompt assistance and resolution of your issue.
The Knowledge Academy in Australia stands out as a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking this course.
The training fees for MoV® Foundation & Practitionerin 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
Why choose us
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.
Trusted & Approved
Our MoV® courses are fully accredited by AXELOS
Many delivery methods
Flexible delivery methods are available depending on your learning style.
High quality resources
Resources are included for a comprehensive learning experience.
"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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