What is MoV® Foundation & Practitioner Course?
Management of Value (MoV®) is a vital methodology for maximising value delivery and optimising project resources. In today’s landscape, MoV® knowledge is essential for addressing both strategic and operational objectives effectively. This subject enables learners to apply MoV® principles and practices directly to their work, equipping them with the skills needed to make value-focused decisions.
MoV® expertise is valuable across roles such as Project Managers, Business Analysts, and Strategic Planners. Mastery of MoV® empowers professionals to enhance value realisation, manage risks, and allocate resources efficiently, driving project success and fostering organisational growth.
This 4-day MoV® Foundation & Practitioner Course by Oakwood International provides learners with practical insights into MoV® methodologies, offering techniques to identify and maximise value while addressing key aspects such as risk management. Learners will gain a deeper understanding of how to apply these practices to real-world scenarios, contributing to value creation and strategic outcomes.
Course Objectives
Understand the core concepts and principles of MoV®
Apply MoV® methodologies to improve value delivery in projects
Systematically identify and evaluate value opportunities and risks
Develop strategies to optimise resources and reduce waste
Use MoV® techniques for effective decision-making and governance
Incorporate MoV® practices into project management frameworks
Upon completing the MoV® Foundation & Practitioner Course, learners can validate their expertise through certification, advancing careers and driving organisational success.
Course Outline
MoV® Foundation & Practitioner Course
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 trademark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.
The Swirl logo™ is a trademark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.
Included
Included
- No course includes are available.
Offered In This Course:
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Video Content
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eLearning Materials
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Study Resources
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Completion Certificate
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Tutor Support
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Interactive Quizzes
Learning Options
Discover a range of flexible learning options designed to meet your needs. Select the format that best supports your personal growth and goals.
Online Instructor-Led Training
- Live virtual classes led by experienced trainers, offering real-time interaction and guidance for optimal learning outcomes.
Online Self-Paced Training
- Flexible learning at your own pace, with access to comprehensive course materials and resources available anytime, anywhere.
Build your future with Oakwood International
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Frequently Asked Questions
Q. What is the MoV® Foundation & Practitioner Course?
The MoV® Foundation & Practitioner Course
provides a deep understanding of value management principles and methodologies.
It equips professionals with the skills to enhance value realisation, optimise
resources, and manage risks effectively in projects.
Q. Who should attend this course?
This course is ideal for Project Managers,
Business Analysts, Strategic Planners, and professionals involved in value
management, looking to improve decision-making and governance.
Q. How will this course help my career?
The course enhances your ability to deliver
value-driven strategies, manage risks, and optimise resources, positioning you
as a key contributor to organisational success and growth.
Q. What skills are covered in the course?
You’ll gain expertise in value management
concepts, risk and opportunity assessment, decision-making techniques, and
integrating MoV® practices into project management frameworks.
Q. What certification will I receive?
Upon completing the course, you’ll be
eligible for the MoV® certification exam. Earning this certification validates
your expertise in value management and strengthens your career prospects.