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MoV® Management of Value

MoV® Certification - Management of Value Course

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

The guidance is intended to help organizations use a successful, proven methodology to supplement their current management practices, so they can increase the value they deliver and make better use of resources.

FOR INDIVIDUALS

  • Provide a way of addressing competitive advantage by adding value.
  • Promote sustainable decision making, based on adding value, by addressing both monetary and non- monetary factors.
  • Maximize value in line with the programme and project objectives and key stakeholder requirements.
  • Provide a means to define objectives and scope clearly in terms of the organization’s and end users’ short- and long-term needs.
  • Supplement current management practices to increase value delivered and make better use of resources.

FOR ORGANISATIONS

  • Deliver more relevant outcomes less expensively.
  • Measure and audit value, taking into account monetary and non-monetary benefits and achieving optimal balance between them, thus demonstrating optimum value has been achieved.
  • Enable effective consultation and engagement of stakeholders and end users and reconcile differing needs.
  • Improve benefits, reduce expenditure and speed up delivery without impacting essential project scope or service quality.
  • Enable more efficient delivery by employing fewer resources to better effect.

Upon completion of this course, delegates can expect to be able to discuss and explain:

  • The main processes and techniques used within MoV and the reasons for using them
  • How MoV may be applied at portfolio, programme, project and operational levels
  • The differences in applying MoV at different stages in a project and the expected outputs from a MoV Study at each stage
  • The circumstances under which MoV should be used
  • The concept of value and how value may be improved
  • The main benefits arising from the use of MoV
  • Approaches for implementing MoV
  • How to respond to external and internal influences
  • The principles of embedding MoV into an organisation
  • The key topics in document check lists, the toolbox, health check, organizational maturity and individual competence

The purpose of the foundation level is to confirm you have sufficient knowledge and understanding of the MoV guidance to enable you to contribute effectively to MoV activities led by others; enable you to understand and explain MoV to others; and pre-qualifies you for the MoV Practitioner Exam or for other training and qualification systems in Value Management.

Exam Format:

  • Exam Requirement: None
  • Multiple-choice (objective) testing
  • 50 questions per paper
  • 25 marks required to pass (out of 50 available) pass mark - 50%
  • 40 minutes duration
  • Closed book.

We offer the following learning alternatives:

  • 3-day weekly and weekend classroom courses
  • 3-day virtual tutor-led weekly and weekend courses
  • 3-day corporate on-site courses
  • 365-day self-paced e-learning online course

The MoV Practitioner Qualification is intended for three groups of people:

  • Management and staff in an organization wishing to use MoV and whether MoV is embedded in their organization or not.
  • The PPM community, for whom the guide is aimed at 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. 
  • Those who apply the methods in other PPM guides to build on and enhance the activities to maximise value and delivery of benefits.

The purpose of the Practitioner level is to confirm you have achieved sufficient understanding of how to apply and tailor MoV in a scenario situation. The experience of the individual, the level of support available and the complexity of the situation to which MoV is to be applied will be factors that impact what the Practitioner can achieve.

Exam Format:

  • Exam Requirement: Foundation Exam Pass
  • Multiple choice (objective) testing
  • 8 question areas with 10 question items per question area - all question items will be worth 1 mark, making the total number of marks available per paper 80
  • 40 marks required (out of 80 available) to pass - 50%
  • Two-and-a-half hours’ duration
  • Open book exam (only the MoV Manual is allowed).

We offer the following learning alternatives:

  • 2-day weekly and weekend classroom courses
  • 2-day virtual tutor-led weekly and weekend courses
  • 2-day corporate on-site courses
  • Official Course Manual
  • Accredited Course Materials
  • Accredited trainer with a minimum of ten years industry experience for virtual and classroom courses
  • 365 days access to our self-paced e-learning online courses
  • 365 days exam vouchers for our self-paced online, virtual and classroom courses and corporate on-site courses.

VAT will be added at the standard rate to the course fee

Do visit our Exam Centre to try out sample questions

You should find our course blogs highly informative.

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