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Axelos MOVF : Management of Value Foundation test Questions and Practice Test

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Exam Number : MOVF
Exam Name : Management of Value Foundation
Vendor Name : Axelos
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MOVF test Format | MOVF Course Contents | MOVF Course Outline | MOVF test Syllabus | MOVF test Objectives

EXAM CODE: MOVF
EXAM NAME: Management of Value Foundation

40 minutes duration
Closed book
50 multiple-choice questions
50% pass mark

Delegates are introduced to the world of the Management of Value and to the overall structure of MOV.

What is value
What is MoV
Why it is needed
Its place in the Cabinet Office Best Practice Guidance
Its relationship to other management methods
The 7 MoV Principles

MOV operates within a universal set of principles that can be applied to any environment. These seven principles provide the framework of good practice upon which MOV is based and include:

Align with organisation's objectives
Focus on functions and required outcomes
Balance the variables to maximise value
Apply throughout the investment decision
Tailor to suit the subject
Learn from experience and Excellerate performance
Assign clear roles and responsibilities and build a supportive culture
The 7 MoV Processes

The seven MOV processes provide a clear plan for implementing the outputs and monitoring their effective delivery.

Frame the programme or project
Gather information
Analyse information
Process information
Evaluate and select
Develop Value Improving Proposals
Implement and share outputs
MoV Techniques

This part of the course covers the MoV specific techniques and common techniques that are frequently used with MoV.

Implementing MoV

The implementation, embedding and need for embedding MOV into an organisation is covered here and includes:

Planning MoV activities
Responding to external and internal factor.
Portfolio, Programme, and Project considerations
Operational considerations
Embedding MoV into an organisation
MOV Foundation Exam

All delegates will sit the MoV® Foundation examination, which consists of:

Key test information:

Throughout the MOV Foundation course, delegates will be exposed to numerous examples of examination questions. They will undertake a number of exercises and 'question-and-answer' sessions that will help consolidate the learning, thereby ensuring that delegates are more than adequately prepared for the final examination.

MOV Practitioner Exam

The purpose of the Practitioner qualification is to confirm that 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.

PeopleCert exams take place remotely via PeopleCert Online Proctoring, and the afternoon of the third and last day of your course will continue with your learning until approximately 4.00pm. When booking your test please ensure that it is for a time after the course has concluded and at a time convenient for you. You will be required to obtain and install ExamShield and conduct a compatibility test prior to sitting the exam.

Objective testing

8 questions per paper with 10 marks available per question - all question items are worth 1 mark, making the total number of marks available per paper 80

Duration 2 ½ hours
Open book test - only the MOV manual is permitted to be used
50% pass mark

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