Management of Value (MoV™)

Management of Value (MoV™)

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.

About The Course

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.

Course Syllabus

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 7 MoV principles

MoV Processes

  • Description of the 7 MoV processes

MoV Techniques

Description of:

  • Function Analysis
  • Function Cost Analysis
  • Value Engineering and Analysis
  • Other common techniques often used in MoV

MoV Approach & 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.

What’s Included

  • 12 months online access to our accredited MoV Foundation course
  • Full tutor support, plus many additional materials to help put MoV into practice
  • MoV Foundation mock exam revision tool
  • MoV Foundation exam: Valid for 12 months from purchase date. Exam must be taken online via remote invigilation

Optional Extras

  • Official MoV manual

Target Audience

The course will be of benefit to all levels of management including:

  • Corporate Managers – responsible for instigating MoV studies with a view to starting new programmes or projects
  • Programme Managers – responsible for making sure programmes deliver the best value solutions taking into account the views of the stakeholders
  • Project Managers – responsible for delivering products from their projects that represent the best value for money solutions
  • Operational Managers – responsible for undertaking MoV studies to assist in reviewing operational procedures and improving efficiency
  • All other personnel who have an interest or responsibility for Management of Value within their organisation

Accreditations

  • Multi-choice
  • 50 questions per paper
  • 25 marks required to pass (out of 50 available)
  • pass mark – 50%
  • 40 minutes duration
  • Closed book

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