MoV® Foundation & Practitioner Course

• Educational Background: There are no specific educational requirements for this course.
• Language Proficiency: Learners should have a good command of English, as all course materials, assessments, and discussions are conducted in English.
• Interest in Project Management: This course is ideal for individuals with a keen interest in learning project management.

• Understanding MoV® Principles: Learners will grasp the core principles of MoV® and how to apply them to enhance value throughout a project's lifecycle.
• Effective Value Management: Learners will gain the skills to optimise value delivery in projects, aligning stakeholder expectations with project goals and outcomes
• Practical Application of MoV® Tools: Learners will learn how to use MoV® tools and techniques to make informed decisions that maximise project value and efficiency
• Improved Decision-Making: Learners will enhance their decision-making skills, enabling them to prioritise value-driven actions and ensure successful project performance.

This course is ideal for professionals involved in project and programme management who seek to optimise value, improve decision-making, and drive successful outcomes.

• Project Managers
• Programme Managers
• Business Analysts
• Value Management Consultants
• Senior Managers
• Project Controllers
• Strategic Planners

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