And he believes pipping Chelsea to the Premier League title will boost his side ahead of the Champions League showdown with the Blues in Moscow.
"The mood generated by the win puts us in a very confident position," added Ferguson.
"I expect my players to have the ability and confidence to play on the biggest stage in the world; of that I have absolutely no doubt."
Ferguson's manager of the year award was voted for by the members of the LMA and takes into account the performance of all the managers during the season.
West Brom boss Tony Mowbray took the Championship manager of the year award after he guided the Baggies to the title and thereby promotion to the Premier League.
Swansea manager Roberto Martinez won the League One honour and Graham Turner lifted the League Two award after taking Hereford to automatic promotion in their second season back in the Football League.
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