Management of Value (MOV®) Practitioner

The MoV Practitioner training course is provided by Datrix Training where you will be taught by one of our experienced instructors. 

MoV® is focused on maximising value while meeting the increasing demands of the key stakeholders and programme and project objectives without reducing quality.

MoV® Practitioner Exam

The delegates must pass the Practitioner exam to gain the MoV® Practitioner certification. After passing the exam, the Practitioners will receive a MoV® certificate. The delegates need to achieve 50% marks in order to gain the MoV® Practitioner qualification. Details of the exam as follows:

• Objective based testing
• 5 hours duration
• Open book exam

The Practitioner exam is to be completed at a mutually convenient date (please see the below details for further information).

Online Exam:

We provide comprehensive support during the exam process to make the experience as simple as possible. This exam can be taken at a suitable time, subject to availability; online, anywhere.

The benefits of Online Exams are:

• Rather than having to be out of the office for a paper exam, once you have received your exam voucher you can arrange directly with the accrediting body for a time that suits you
• It allows you to complete all revision activities at your own pace to help you prepare for your exam to maximise your passing potential
• It allows you to revise further before taking the exam
• Exam results are issued much quicker than the paper based format

Compatibility Check for Online exam:     Please click here

Exam Guidelines:                                 Please click here

This course covers following topics:

An Introduction to MoV®

• Define value
• What is MoV®
• Requirement of MoV®
• Requirement in the Cabinet Office Best Practice Guidance
• Understand its relationship to other management methods

MoV® Principles

• Adjustment with goals of an organisation
• Emphasis on functions and compulsory outputs
• Balance the variables to maximise the value
• Execute throughout the investment decision
• Tailor to suit the subject
• Learn from experience and strategies to improve performance
• Assign clear roles and responsibilities and build a supportive culture

MoV® Environment

• Classify internal and external factors affecting policies and procedures of MoV®
• Understand project, program, portfolio and operational environment

MoV® Method and Execution

• Describe general process around which a study can be organised
• Explain the relationships between the MoV® leader and the team

MoV® Embedding

• Brief the process of Embedding
• Key steps involved in embedding MoV®
• Describe the key benefits of embedding MoV®
• Requirement for allocating role and responsibilities while using MoV®
• Explain strategies to overcome barriers while implementation

MoV® Processes

• Design a program or project
• Collect the relevant Information
• Analyse Information
• Process Information
• Evaluation and Selection Process
• Develop value improving proposals
• Implement and communicate outcomes

MoV® Techniques

• Understand new techniques and strategies used in MoV®
• Information Gathering
  • Describe Benchmarks
  • What is Process Mapping?
  • Define Root Cause Analysis
  • Explain Discounted Cash Flow Analysis
• Constructing Ideas
  • Elaborate Brainstorming
• Evaluation and Option selection
  • Describe Choice Selection Matrix
  • Idea selection
    • Determine Idea Selection Matrix
    • Allocation to Categories
  • Weighting Techniques
    • What is Paired Comparisons?
    • What is Points Distribution?
  • Creating VIPs
    • Generating Suggestions
    • Understand Cost-Benefit Analysis
    • Building Decisions
  • Implementing VIPs
    • Implementing Plans
    • Gathering Feedback
  • Follow-up
    • Monitoring Benefits
  • Function Analysis
    • Define Function Analysis System Technique (FAST)
    • Customer FAST
    • Technical FAST
    • Traditional FAST
  • Understand Value Trees
  • Measuring value
    • Describe Value profiling (value benchmarking)
    • Define Simple multi-attribute rating technique (SMART)
    • What is Value metrics?
    • What is Value index?
    • Describe Value for money ratio
    • Understand Value Engineering / Analysis

Implementing MoV®

• Develop activities of MoV®
• Respond to Internal and External Factors
• Evaluate Project, Program and Portfolio considerations
• Understand Operational considerations
• Embedding MoV® into an organisation