Management of Value (MoV®) Foundation - Online Classroom (exam included)

Management of Value (MoV®) Foundation - Online Classroom (exam included)

Management of Value® provides a systematic method for defining value for organizations and communicating it clearly to maximize value across portfolios, programs, projects, and operations. It reflects the organization’s strategic objectives on the portfolio level. It sets the agenda for the program that delivers these objectives, defining the projects undertaken to achieve the required outputs. Management of Value (MoV®) has evolved from the tried and successful practice of value management across many sectors over many years. The MoV guidance aligns the established methods with the AXELOS-owned Programme and Project Management guidance. The direction describes methods that are not new, but their use is often overlooked or misapplied.

Learning Objectives

The purpose of the foundation-level certification is to confirm that a candidate has sufficient knowledge and understanding of the MoV guidance to:

• enable participants to contribute effectively to MoV activities led by others;
• enable participants to understand and explain MoV to others.

What is included?

• 2 Days of Class
• Full tutor support, plus many additional materials to help put MoV into practice
• MoV Foundation mock exam revision tool
• MoV Foundation ONLINE exam: valid for 12 months from purchase date.

What is covered?

Introduction to MoV

• The relationship between MoV and other best practice management products
• Definition of value
• Description of MoV in 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 standard 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, program, 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 modeling

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

Exam Information

The exam will be taken online, giving you the comfortable choice of writing the exam at home or the office. We require a computer with an internet connection for the exam and a webcam (ProctorU). The exam is included in this eLearning package. Very flexible!

Exam format

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

Add the ‘take2’ re-sit option to your exam voucher!

AVC allows you to retake the exam in case you fail the first attempt, for just € 60/ 600 kr. You will have up to 6 months from the first attempt to retake your exam.