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MoV® is a [registered] trade mark of AXELOS Limited, used under permission of AXELOS Limited. The swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved

Management of Value (MoV®)

eLearning: £1,140 inc. VAT

Access: eLearning and Online exam for 12 months.
Includes: Official eBook (Manual)
Duration

eLearning: Coming Soon

In-House:
Our in-house service offers the chance to have our course content delivered to you by one of our accredited and certified trainers either in your workplace or through a virtual event, over the duration of five days. To enquire, fill in the contact form at the bottom of the page.

Course Introduction:

Value is the achievement of satisfaction of needs through the use of resources. MoV should be embedded in the management methods used in achieving successful outcomes rather than regarded as an optional standalone or extra process.

The guide is structured around four integrated concepts:

  1. Principles - factors that underpin MoV
  2. Processes and Techniques - methods and tools used in MoV application
  3. Approach - how to apply MoV portfolios, programmes and projects
  4. Environment - responding to external and internal influences

MoV helps to:

  • Deliver more of the right things
  • Reduce the cost of delivery
  • Encourage more effective use of available resources

 

MoV supports many of the core requirements of delivering successful programmes and projects as well as operational activities:

  • Unambiguous definition of the intended outputs, aligned with an organisation's strategic goals
  • The functionality required of the project overall and its consituent products to meet the needs
  • Addressing, quantifying and maximising both monetary and non-monetary benefits
  • Maintaining or enhancing quality and performance, including reliability and availability of the end products
  • Providing clarity of the scope of programmes and projects
  • Involving stakeholders and end users explicitly when describing the levels of quality and performance to be achieved
  • Making the most effective use of available resources expended in delivering the benefits
  • Minimizing waste.

By addressing these topics, MoV plays a key role in reducing uncertainty and informing management decisions based on value.

Value is the achievement of satisfaction of needs through the use of resources.

Module 1 - Introduction & Principles

Introduction:

  • What is value management?
  • Why do you need value?
  • Where can MoV be used?
  • When should MoV be used?
  • What is MoV best practice?

The Principles:

  • Align with organisation's objectives
  • Focus on functions and required outcomes
  • Fast Diagrams and Value Trees
  • Apply throughout the Investment Decision curve
  • Tailor to suit the subject
  • Learn from experience and improve performance
  • Assign clear roles and responsibilities and build a supporting culture

Module 2 - Process & Techniques

The Process

  • Frame the context
  • Gather information
  • Analyse information
  • Process information
  • Evaluate and select options
  • Develop value proposals
  • Implement and share outputs

Techniques

  • MoV techniques
  • Value trees
  • Functional analysis
  • Case study examples
  • Value engineering
  • Function cost analysis

Module 3 - Implementation & Embedding

Implementation

  • Mind mapping
  • Generic MoV plan
  • Programme and project organisations
  • Key project stages
  • Support and infrastructure

Environment and embedding

  • External and internal environment
  • Embedding MoV
  • Portfolio considerations
  • Project considerations
  • Operational aspects
  • Embedding MoV
  • Overcoming barriers
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