MoV® Foundation & Practitioner

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

The MoV® Foundation & Practitioner course provides delegates with a clear understanding of the MoV® Guidance Appendices, MoV® Approach and Implementation, Embedding MoV® and MoV® Environment. The delegates will learn the concept of value and how value may be improved, how MoV® can be applied at operational, programme, project and portfolio levels and how to respond to external and internal influences.   

MoV® Foundation & Practitioner Exam

In order to acquire MoV® certifications, the delegates need to pass both Foundation and Practitioner exams. Details of both exam are as follows:

MoV® Foundation Exam

• 40 minutes duration
• Closed Book exam
• Multiple choice questions
• Total 50 questions

MoV® Practitioner Exam

• 5 hours duration
• Open Book exam
• Objective based testing
• 8 questions having 10 marks each
• 80 marks available

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®

• What is value?
• Define MoV®
• Understand the requirement of MoV®
• Role in the Cabinet Office Best Practice Guidance
• Relationship to other management methods

MoV® Principles

• Alignment with objectives of an organisation
• Concentrate on functions and required outcomes
• Balance the variables to enhance the value
• Implement throughout the investment decision
• Adapt to suit the subject
• Learn from past experience and strategies to improve performance
• Allocate clear role and responsibilities and create a supportive culture

MoV® Method and Execution

• Understand general process around which a study can be organised
• Relationships between the MoV® leader and the team

MoV® Environment

• Identify internal and external factors affecting policies and strategies of MoV®
• Describe the project, program, portfolio and operational environment

MoV® Embedding

• Describe the process of Embedding
• Steps involved in embedding MoV®
• Describe the advantages of embedding MoV®
• Clarify role and responsibilities while applying MoV®
• Techniques to overcome hurdles while implementation

MoV® Processes

• Design a program or project
• Collect the required and relevant Information
• Analyse Information
• Process Information
• Assess and select
• Create value improving proposals
• Implement, share and communicate outcomes

MoV® Techniques

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

Implementing MoV®

• Create activities of MoV®
• Internal and External Factors and how to respond?
• Analyse Project, Program and Portfolio considerations
• Describe Operational considerations
• Embedding MoV® into an organisation