Management of Value (MoV) Foundation

Overview

This course provides participants with a clear understanding of the guidance designed to help maximise value within the achievement of programme and project objectives and the delivery of key stakeholder requirements. The course will equip participants to take the examination for the Management of Value (MoV®) Foundation level qualification and it will also include practical exercises which will aid preparation for the Practitioner level qualification.

By undertaking this training course delegates will be able to assist their organisations to focus on maximising value by implementing principles that will help to:

• achieve transformational change more quickly
• contribute to an improvement in decision-making and policy-making
• meet the need to do more with less and to balance the increasing demands with available resources without compromising on quality
• maximise returns on investments.

The course includes the Foundation level examination.

Prerequisites

• The course is aimed at individuals who have no prior knowledge or experience and who wish to acquire sufficient knowledge to enable them to make a positive contribution to any project, as well as contributing to improvements in the operational environment.

• It will particularly benefit individuals who intend to progress to the Practitioner level and take the Practitioner examination.

• The course will be equally beneficial to anyone responsible for, or supporting portfolio, programme, or project management in the public or private sectors operational efficiency improvement initiatives.

Delegates must bring photographic identification with them on exam days (passport, driving license or student card) as it is an examination requirement to produce it for the invigilator prior to the exam. Failure to produce a valid form of photographic identification may result in a candidate not being able to sit the exams. For any questions about what form of identification is acceptable, please contact your Account Manager or the QA Examination Administration team on 44 (0)1793 696273 or info@qa.com.

Additional work will be required during evenings consisting of consolidation reading, mock examination questions and exercises. This evening work is an integral part of the course and delegates should expect to spend up to 2 hours each evening on these activities.

Delegates will learn how to

This course will enable delegates to understand a proven methodology comprising a unique set of principles, processes and techniques, and in particular how:

• to clarify their organisation’s objectives and value priorities
• MoV could be applied within operational environments
• to organise and contribute to MoV studies
• the tailoring and embedding of MoV within an organisation could be approached

Course Outline.

Introduction to MoV

• What is value
• What is MoV
• Why it is needed
• Its place in the Cabinet Office Best Practice Guidance (formerly OGC Best Practice Guidance)
• Its relationship to other management methods

The 7 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

The 7 MoV Processes

• Frame the programme or project
• Gather information
• Analyse information
• Process information
• Evaluate and select
• Develop Value Improving Proposals
• Implement and share outputs

MoV Techniques

• Techniques unique to MoV
• Generic techniques that can be used within MoV

Implementing MoV

• Planning MoV activities
• Responding to external and internal factor.
• Portfolio, Programme, and Project considerations
• Operational considerations
• Embedding MoV into an organisation

Examination

All delegates will sit the MoV Foundation examination in the late afternoon of the third day of the course. The exam consists of:

• 50 multiple choice questions
• 40 minutes
• Closed-book
• Candidates require a minimum of 25 correct answers (50%) to pass

MoV® is a registered trade mark of the Cabinet Office.