The MOV Foundation course uses relevant case-studies and accelerated-learning techniques to ensure that theory is embedded and delegates feel confident in the practical application of MOV. Additional evening work will be required in the form of consolidation reading and mock examination questions. The evening work is an integral part of the course and delegates should expect to spend approximately two hours on these activities.
The course will cover the following syllabus areas:
Introduction to MoV
Delegates are introduced to the world of the Management of Value and to the overall structure of MOV.
- What is value
- What is MoV
- Why it is needed
- Its place in the Cabinet Office Best Practice Guidance
- Its relationship to other management methods
The 7 MoV Principles
MOV operates within a universal set of principles that can be applied to any environment. These seven principles provide the framework of good practice upon which MOV is based and include:
- 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
The seven MOV processes provide a clear plan for implementing the outputs and monitoring their effective delivery.
- Frame the programme or project
- Gather information
- Analyse information
- Process information
- Evaluate and select
- Develop Value Improving Proposals
- Implement and share outputs
MoV Techniques
This part of the course covers the MoV specific techniques and common techniques that are frequently used with MoV.
Implementing MoV
The implementation, embedding and need for embedding MOV into an organisation is covered here and includes:
- Planning MoV activities
- Responding to external and internal factor.
- Portfolio, Programme, and Project considerations
- Operational considerations
- Embedding MoV into an organisation
MOV Foundation Examination
Key exam information:
- 40 minutes duration
- Closed book
- 50 multiple-choice questions
- 50% pass mark
Throughout the MOV Foundation course, delegates will be exposed to numerous examples of examination questions. We will undertake a number of exercises and 'question-and-answer' sessions that will help consolidate the learning, thereby ensuring that delegates are more than adequately prepared for the final examination.
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