MoV® Foundation Training (ILX’s Elearning)

Training Courses

FAQCourses

Overview

MoV enhances competitiveness, productivity and profitability and it helps eliminate wasteful practices. It provides a way to cut non essential projects and services, while maximizing value in line with an organization’s objectives and key stakeholder requirements. It is not simply about minimizing costs, although it provides an extremely effective way to do this in a targeted and controlled manner.

Value is defined as the ratio between satisfaction of needs (benefits) and use of resources (expenditure). It enhances, rather than competes with, other management methods that seek to achieve value.

MoV is relevant to every type of public service from local and central government, healthcare and the emergency services. It is also applicable to the private sector to improve competitiveness.

MoV is structured around four integrated concepts:

1. Principles: factors that underpin MoV
2. Processes and Techniques: the methods and tools used in MoV application
3. Approach: How to apply MoV portfolios, programmes and projects
4. Environment: Responding to external and internal influences

MoV is particularly beneficial for those involved in directing, managing, supporting and delivering portfolios, programmes and projects. This includes Senior Management, Programme Managers, Project Managers, Change Managers and Project and Programme Office staff and their sponsors. In addition, it would greatly benefit risk managers, to enable them to identify and manage opportunities effectively.

MoV supplements the main purposes of PRINCE2® (successful delivery of justified business benefits through projects), MSP® (transformational change), and M_o_R® (reducing uncertainty) with its main purpose of maximising value.

Course Synopsis:

Introduction

The purpose and structure of the course
The format and style of the MoV examination

Introduction to MoV

The relationship between MoV and other best practice management products
Definition of “value”
Description of MoV in terms of terms of “what it is”, “where it can be used”, “when it should be used” and finally “what is involved in its use”

MoV Principles

Description of the 7 MoV processes

MoV Techniques

Description of:
– Function Analysis
– Function Cost Analysis
– Value Engineering and Analysis
– Other common techniques often used in MoV

MoV Approach and Implementation

Description of a generic process around which a study can be structured
Description of the relationships between the MoV study leader and the rest of the team

MoV Environment

Description of the external and internal factors that affect MoV policies and strategies
Description of the considerations for the portfolio, programme, project and operational environments

MoV Embedding

Overview of the embedding process
Key benefits of embedding MoV
Key steps of embedding MoV
Roles and responsibilities required when using MoV
Overcoming barriers to implementation

MoV Appendices

MoV documents
MoV toolbox
MoV health check
MoV maturity modelling

MoV Foundation Examination Technique

How to approach the MoV examination

MoV Examination Simulator

Featuring sample questions in the style of the MoV examination and timed to assist your preparation.

Course Registration

Call one of our local advisors on +603 7957 1806 or fill in a online course registration form

Info Spec - Malaysia - ITIL, PRINCE2, P3O, MSP, MOP, MOV, OBASHI, Agile, Zachman Framework, TOGAF and Business System Analysis Certification Training