Management of Value (MoV®) Foundation

//Management of Value (MoV®) Foundation

Management of Value (MoV®) Foundation

From: £33.60 / month for 5 months and a £200.00 sign-up fee

The Management of Value (MoV®) has evolved from the tried and successful practice of value management across many sectors and over many years. The MoV guidance aligns the established methods with the AXELOS owned Programme and Project Management guidance.[...]

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About The Course

The Management of Value (MoV®) has evolved from the tried and successful practice of value management across many sectors and over many years. The MoV guidance aligns the established methods with the AXELOS owned Programme and Project Management guidance. The guidance describes methods that are not new, but their use is often overlooked or misapplied.

The MoV Foundation e-learning will equip you with the knowledge and understanding of the management of value guidance to contribute effectively to MoV activities led by others, as well as understanding and ability to explain MoV to others. It will enable you to enhance the activities to maximise value and delivery of benefits.

The accredited MoV Foundation e-learning course covers all aspects of the MoV guidance and fully prepares you for the foundation examination. The main body of the course consists of 11 sessions which covers MoV principles, processes and techniques. It also covers MoV approach and implementation, the MoV environment, embedding MoV and the MoV guidance appendices. It is broken into bite-size sessions, combining leading-edge multimedia and interactive exercises for optimum enjoyment and knowledge retention.

If you are involved in directing, managing, supporting and/or delivering portfolios, programmes and/or projects, MoV training will be beneficial for you. The MoV Foundation certification is aimed at current and aspiring portfolio, programme and project managers, project team members, senior managers, change managers, sponsors, staff and managers from other disciplines who have an interest or responsibility for the Management of Value within their organisation. The MoV Foundation certification is also an entry requirement for the MoV Practitioner certification.

Entry Requirements

You do not need any qualifications or work experience to start the MoV® Foundation course.

Course Modules

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 seven MoV principles
MoV processes
• Description of the seven 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

Duration

Course access duration is 12 months.
Approximate time required to complete modules – 6 hours.

Official Exam & Accreditation

The Accreditation body is the AXELOS.

Examination –
• computer-based exam format, taken online via Online Proctoring (webcam, microphone and valid ID required). Further information available here,
• consisting of 50 multiple-choice questions. Pass mark score is 25 out of 50 available (50%),
• examination duration – 40 minutes,
• closed book examination.

There is no re-certification requirement; the MoV® Foundation is a lifetime certification.

If the full package is purchased that includes official examination, the exam code will be issued within 24 hours of purchase via email. The exam code will be valid for 12 months.

When you are ready to take your exam, you will need to provide SkillPoint your exam code to obtain the exam voucher which you will require in order to book the examination. All course modules need to be completed and assessments passed prior to this stage. The exam voucher will be valid for 1 month, so make sure you are ready to take the exam before redeeming your code. You can reschedule the exam as many times as you like within the voucher’s one-month period, but if you need to extend the one-month term, there will be an additional administration fee. Please allow 48 hours between redeeming your exam code and receiving your exam voucher with full instructions on how to book your exam.

Further Study & Career Options

An improved skill set will enable you to qualify for positions with responsibility for the Management of Value. Adding MoV® Foundation to your CV proves you have sufficient knowledge and understanding of the management of value guidance to contribute effectively to MoV activities led by others, as well as understanding and ability to explain MoV to others. It will enable you to enhance the activities to maximise value and delivery of benefits.

Professionals in the following job roles have responsibility for the Management of Value: portfolio, programme and project managers, project team members, senior managers, change managers, sponsors, staff and managers from other disciplines who have a responsibility for the Management of Value within their organisation.

On successful completion of this course you could progress on to MoV® Practitioner certification to expand your value management knowledge and improve your job prospects further. Also you could progress to M_o_R® Foundation course about risk management if you would like to learn about activities required to identify, assess and control risks.

Please get in touch with SkillPoint advisor who will discuss your current situation and will provide the advice and guidance to help you create your own tailored learning journey.

About The Course

The Management of Value (MoV®) has evolved from the tried and successful practice of value management across many sectors and over many years. The MoV guidance aligns the established methods with the AXELOS owned Programme and Project Management guidance. The guidance describes methods that are not new, but their use is often overlooked or misapplied.

The MoV Foundation e-learning will equip you with the knowledge and understanding of the management of value guidance to contribute effectively to MoV activities led by others, as well as understanding and ability to explain MoV to others. It will enable you to enhance the activities to maximise value and delivery of benefits.

The accredited MoV Foundation e-learning course covers all aspects of the MoV guidance and fully prepares you for the foundation examination. The main body of the course consists of 11 sessions which covers MoV principles, processes and techniques. It also covers MoV approach and implementation, the MoV environment, embedding MoV and the MoV guidance appendices. It is broken into bite-size sessions, combining leading-edge multimedia and interactive exercises for optimum enjoyment and knowledge retention.

If you are involved in directing, managing, supporting and/or delivering portfolios, programmes and/or projects, MoV training will be beneficial for you. The MoV Foundation certification is aimed at current and aspiring portfolio, programme and project managers, project team members, senior managers, change managers, sponsors, staff and managers from other disciplines who have an interest or responsibility for the Management of Value within their organisation. The MoV Foundation certification is also an entry requirement for the MoV Practitioner certification.

Entry Requirements

You do not need any qualifications or work experience to start the MoV® Foundation course.

Course Modules

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 seven MoV principles
MoV processes
• Description of the seven 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

Duration

Course access duration is 12 months.
Approximate time required to complete modules – 6 hours.

Official Exam & Accreditation

The Accreditation body is the AXELOS.

Examination –
• computer-based exam format, taken online via Online Proctoring (webcam, microphone and valid ID required). Further information available here,
• consisting of 50 multiple-choice questions. Pass mark score is 25 out of 50 available (50%),
• examination duration – 40 minutes,
• closed book examination.

There is no re-certification requirement; the MoV® Foundation is a lifetime certification.

If the full package is purchased that includes official examination, the exam code will be issued within 24 hours of purchase via email. The exam code will be valid for 12 months.

When you are ready to take your exam, you will need to provide SkillPoint your exam code to obtain the exam voucher which you will require in order to book the examination. All course modules need to be completed and assessments passed prior to this stage. The exam voucher will be valid for 1 month, so make sure you are ready to take the exam before redeeming your code. You can reschedule the exam as many times as you like within the voucher’s one-month period, but if you need to extend the one-month term, there will be an additional administration fee. Please allow 48 hours between redeeming your exam code and receiving your exam voucher with full instructions on how to book your exam.

Further Study & Career Options

An improved skill set will enable you to qualify for positions with responsibility for the Management of Value. Adding MoV® Foundation to your CV proves you have sufficient knowledge and understanding of the management of value guidance to contribute effectively to MoV activities led by others, as well as understanding and ability to explain MoV to others. It will enable you to enhance the activities to maximise value and delivery of benefits.

Professionals in the following job roles have responsibility for the Management of Value: portfolio, programme and project managers, project team members, senior managers, change managers, sponsors, staff and managers from other disciplines who have a responsibility for the Management of Value within their organisation.

On successful completion of this course you could progress on to MoV® Practitioner certification to expand your value management knowledge and improve your job prospects further. Also you could progress to M_o_R® Foundation course about risk management if you would like to learn about activities required to identify, assess and control risks.

Please get in touch with SkillPoint advisor who will discuss your current situation and will provide the advice and guidance to help you create your own tailored learning journey.

Got a question? Please call our Support Team on +44 (0) 203 764 9422 or email info@skillpoint.uk.com