Live Online Training Schedule

Course Details

Course Objective

MoV® (Management of Value) is a collection of principles, processes, and techniques that will help your organization to optimize the benefits of your portfolios, programmes, and projects.

  • It combines with PRINCE2®, MoP®, MSP®, and M_o_R® and aligns with your strategic objectives to manage value for your organization, customers, and stakeholders.
  • The MoV guidance explains how to use resources as efficiently and effectively as possible. At the portfolio level, it sets the agenda for the projects and programmes that will deliver your objectives. The agenda then defines the projects that will be undertaken to achieve your required outcomes.
  • The result is increased value, including significant monetary and non-monetary benefits for your organization.

Foundation

The MoV® Foundation certification will give you sufficient knowledge and understanding of the MoV guidance to contribute effectively to value management activities and explain MoV to others.

Practitioner

The MoV® Practitioner certification allows you to demonstrate an understanding of how to apply and tailor the MoV guidance and to analyse portfolio data, documentation and roles. You will be able to advise on the implementation of appropriate practices and techniques in a real world situation.

 

Targeted Audience

The MoV Qualification is intended for three groups of people:

  • Management and staff in an organization wishing to acquire an understanding of MoV, 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.

 

Delivery Method

Online Training

  • Duration: 5 Days
  • Exam Simulation
  • Practice Test
  • Group Activity (Break-out Session) after each lesson
  • Access to additional References – Glossary/ Recommended Reading/ Syllabus
  • Material language will be in English

Exam & Certification

Exam Prerequisite

Foundation

  • None

Practitioner

To take the MoV Practitioner examination, you must hold a current MoV Foundation certificate.

 

Exam Format 

Foundation

  • Multiple choice examination questions 50 questions per paper
  • 25 marks required to pass (out of 50 available) - 50%
  • 40 minutes’ duration
  • Closed book.

Practitioner

  • Objective testing format
  • Eight questions per paper with 10 marks available per question - all question items will be worth one mark, making the total number of marks available per paper 80
  • Two and a half hours’ duration
  • 40 marks required (out of 80 available) to pass - 50%
  • Open book exam. Candidates may use the official printed hard copy of the Management of Value guidance. The manual may be annotated and tabulated but no sticky notes and loose leaf papers containing additional notes will be allowed.

 

Certifications

  • You must pass the Foundation examination before the Practitioner examination, either on the same day or separately.
  • If you have previously passed the Foundation exam, you can sit the Practitioner exam without needing to re-sit the Foundation.
  • If you sit the Foundation examination only, and pass, you will receive a Foundation examination certificate. However, if you sit both the Foundation and Practitioner exams on the same day, and pass both, you will receive the Practitioner examination certificate only.
  • The MoV Practitioner certification does not have an expiry date.

Course Outline

  • What is value?
  • What is management of value?
  • Why is MoV important?
  • Where and when should MoV be used?

  • Principle 1: Aligns with organization’s strategy.
  • Principle 2: Focus on functions & required outcomes
  • Principle 3: Balance the variables to maximize the value
  • Principle 4: Apply MoV throughout the investment decision
  • Principle 5: Tailor MoV activity to suit the subject.  
  • Principle 6: Learning from experience & improve
  • Principle 7: Assign clear roles & responsibilities and build a supportive culture

  • Framing the programme or project .
  • Gathering information
  • Analyzing information
  • Processing information
  • Evaluating & selecting
  • Developing value improving proposals
  • Implementing & sharing the outputs.
  • Risk progress report. 

  • Function Analysis
  • Function Cost Analysis
  • Value Engineering Analysis
  • Techniques Commonly Used in MoV

  • Plan MoV Activities
  • Understand & Articulate Value
  • Prioritize Value
  • Improve Value
  • Quantify Value
  • Monitor Improvements in Value

  • Introducing an MoV Policy
  • Roles & Responsibilities
  • Setting Up a Plan for Implementing
  • The Policy
  • Introducing Training
  • Study Leader Handbook
  • Data Capture & Feedback
  • Monitoring &  Measuring Benefits
  • Overcoming Barriers to Embedding MoV
  • Avoiding Failure

FAQs

No, prerequisites for Training but for exam;

  • Foundation – None
  • Practitioner - To take the MoV Practitioner examination, you must hold a current MoV Foundation certificate.

Yes, accredited by PeopleCert on behalf of Axelos

No

Yes, both online and self-study are available.

No, but you have the option to add exam voucher to your registration.

  • Foundation : 40 minutes’ duration
  • Practitioner: Two and a half hours’ duration

Danish (Foundation only)

English.

Exam results will be announced within 2 business days after the candidate’s answers are officially submitted to us by the exam supervisor. In case you have received an email from PeopleCert informing you that there are pending actions from your side, please make sure that you complete the actions for the exam results to be issued.

  • Foundation: 25 marks required to pass (out of 50 available) - 50%
  • Practitioner: 40 marks required (out of 80 available) to pass - 50%

  • Yes, you can retake it. PeopleCert offers the Take2exam re-sit service at an affordable price
  • You can purchase it along with the exam.
  • If you succeeded, TAKE2 fees is nonrefundable.
  • If you failed, you could take another chance using TAKE2

Rescheduling an online exam up to 48 hours before its start time is free. For more details about exam scheduling and rescheduling, please review PeopleCert's FAQs.

Yes, you can get your hard copy Certificate. You need to order your hard copies through the PeopleCert Account with standard or courier delivery.

The dispatch and delivery times are below:

Standard Delivery (dispatched within 3-5 business days)

  • 4-6 weeks - Europe
  • 6-8 weeks - Rest of the world (exc. Europe)

 

Courier Delivery (dispatched within 1-2 business days)

  • Delivered in up to 5 business days

You need to be an My AXELOS subscriber to apply for a digital badge for PRINCE2 certification.

Bakkah has an array of certified practitioners with several years in teaching.

 

English

English

Online classes are delivered using our Learning Management System (LMS). We provide access to pre-course reading, pre-post assessment, chapter exercises, practice test, case studies and to additional references Glossary/Recommended Reading in our LMS.

Yes, there are group activities after each lesson where you can interact with other online students.

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