A Quick Glance

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    Supplement current management practices to increase the value delivered and make better use of resources

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    Endorses sustainable decision making, depending on adding value, by addressing both monetary and non- monetary factors

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    Increase value in line with the programme, project objectives and key stakeholder requirements

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    Give you a way of addressing reasonable advantage by adding value

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    Provide a way to define aims and scope clearly regarding the organisation’s and end users’ short and long term needs

Management of Value (MoV®) Foundation & Practitioner Training course is a four-day course that will provide delegates with a clear with a clear understanding of the concepts which are designed to get maximum value within project objectives and the delivery according to requirements of key stakeholders. MoV® gives a definition of value that includes both monetary and non-monetary benefits. It gives a method, supported by techniques, for allocating funds as efficiently as possible.

The concepts of MoV® has developed from the successful use of value management across many sectors, over the period of many years. This course describes methods that are as important as ever, although their use is frequently ignored and misapplied.

 

 

Who should take this course

  • Program Managers – responsible for ensuring that programs deliver the best value solutions taking into account the views of the stakeholders
  • Operational Managers – responsible for undertaking MoV® studies to help in reviewing operational procedures and enhancing efficiency
  • Corporate Managers – responsible for starting new programs or projects
  • Project Managers – responsible for providing products from their projects that signify the best value for money solutions
  • Any other professionals who have responsibility for Management of Value within their organisation
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Prerequisites

MoV® Foundation training course is focused at those delegates who have no prior knowledge or experience in this field and also, those who want to get the adequate knowledge to enable them to make a contribution to any project, as well as contributing to improvements in the operational environment.

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What Will You Learn

  • Allows delegates to increase the value they deliver and use resources in much better way make better use of resources Learn how to respond to external and internal influences
  • The key topics in document checklists, toolbox, health check, organisational maturity and personal competence
  • Know the best way to respond influences either external or internal
  • Understand how to apply MoV to a scenario situation
  • Enable delegates to contribute to MoV activities led by others;
  • Understand and explain MoV to others
  • Know how value can be enhanced
  • Get optimal balance between investment and long-term operating expenditure
  • Understand the approaches for implementing MoV effectively
  • Encourages innovation that is well aligned to the organisation’s goals
  • Allows delegates to enhance the value they deliver and uses resources in much better way
  • Supports sustainable decision making, depends upon adding value, by addressing both monetary and non-monetary factor
  • The main benefits arises from the use of MoV
  • Understand and explain MoV to others
  • Learn the better way to respond to both external and internal
  • Learn about principles of embedding MoV into a business
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What's included

  Course Overview

Management of Value (MoV®) is focused on improving benefits and decreasing expenses to speed up the delivery without influencing vital project scope or service quality. It is not just about reducing the costs. MoV is all about increasing value in line with project objectives. It captures fundamental stakeholder necessities for what products should do rather than what they are.

MoV® has emerged from successful practice of value management across different domains from many years. Our value management training course is pointed at all those involved in managing, directing, supporting and delivering portfolios, programmes and projects. MoV® is all about improving the value in line with the programme and project objectives and the requirement of key stakeholders. It is not merely about minimising costs.

The MoV® is essential to effective policy making, projects, programs, service reviews or redesigning of products redesigns. Therefore MoV is necessary to Business as usual and P3M environments, providing an audit trail of how ideal value can be achieved.

The course is designed around four integrated concepts:

Principles:  Factors that support MoV®
Processes and Techniques: Consists of Methods and tools used in application of MoV®
Approach: How to apply MoV® programmes, portfolios, and projects
Environment: Respond to influences such  as external and internal influences

 

benefits of MoV

Exam:

  • Duration: 40 Minutes
  • Type: Closed book
  • Total MCQ: 50 multiple-choice questions
  • Pass Mark: 50%

 

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  Course Content

Overview to MoV®

  • Define Value
  • Define MoV®
  • Why It Is Needed
  • It's Place In The Cabinet Office Best Practice Guidance
  • It's Relationship To Other Management Methods

7 MoV® Principles

  • Alignment With Organisation's Objectives
  • Tailor methods to suit The Subject
  • Learn from experience and improve performance
  • Functions and Required Outcomes
  • Balancing the Variables To Maximise Value
  • Apply Throughout the Investment Decision
  • Assignment of Roles and Responsibilities
  • Build a Supportive Culture

MoV® Environment

  • Know external and internal factors that affect policies and strategies of MoV
  • Describe the portfolio, programme, project and operational environments

MoV® Embedding

  • Understand Process of Embedding
  • Key benefits of embedding MoV®
  • Key steps of embedding MoV®
  • Roles and responsibilities required when using MoV®
  • Overcoming barriers to implementation

The 7 MoV® Processes

  • Frame The Programme Or Project
  • Gather Information
  • Analyse Information
  • Process Information
  • Evaluate & Select
  • Develop Value Improving Proposals
  • Implement & Share Outputs

MoV® Techniques

  • New Techniques in MoV®
  • Techniques that can be implemented within MoV®
  • Analysis of information
    • Benchmarking
    • Process Mapping
    • Root Cause Analysis
    • Discounted Cash Flow Analysis
  • Generating Ideas
    • Brainstorming
  • Evaluation and option selection
    • Option Selection Matrix
    • Idea selection
      • Allocation to Categories
      • Idea Selection Matrix
  • Weighting techniques
    • Paired Comparisons
    • Points Distribution
  • Developing VIPs
    • Developing Proposals
    • Cost Benefit Analysis
    • Building Decisions
  • Implementing VIPs
    • Implementation Plans
    • Feedback
  • Following up
    • Tracking Benefits
  • Function Analysis
    • Function Analysis System Technique (FAST)
    • Traditional FAST
    • Technical FAST
    • Customer FAST
  • Value Trees
  • Measuring value
    • Value profiling (value benchmarking)
    • Simple multi-attribute rating technique (SMART)
    • Value index
    • Value metrics
    • Value for money ratio
    • Value Engineering / Analysis

Implementing MoV®

  • Planning activities of MoV®
  • Respond To External and Internal Factors
  • Define Portfolio, Programme and Project Considerations
  • Operational Considerations
  • Implementing Embedding MoV® Into an Organisation
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MoV® Foundation & Practitioner Schedules

Course Name Duration Dates Price
MoV® Foundation & Practitioner 4 days Bedford
27-12-2022
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
29-12-2022
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
03-01-2023
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
04-01-2023
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
13-03-2023
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
03-04-2023
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
11-04-2023
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
02-05-2023
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
30-05-2023
£5494.00
MoV® Foundation & Practitioner 4 days Bedford
13-07-2023
£5494.00

About Bedford

With a population of 80,000 Bedford is a county town in Bedfordshire, England. The Offa of Mercia is said to be buried at Bedford. Built by Henry I , the Bedford Castle  saw its destruction in 1224. Bedford has been represented in Parliament since 1265. A significant part of the population of Bedford is Italian.

Bedford is named after a Saxon chief Beda, and a ford crossing the River Great Ouse. The subburb was known for its market since early Middle Ages.

 John Bunyan, wrote The Pilgrims Progress while in Bedford Gaol.  During this time brewing became a major industry in the town. Bedford became an engineering hub by the 19th century. Railways reached Bedford in 1846.

Transport

Bedford is linked to the town and other parts of England either by Bus or by Rail. The A6 road provides road access to the city. There and two railway stations and a network of bus services that serve the city’s transport system.

Bedford bus station

 

The Stagecoach in Bedford and Bedford Borough Council own the bus station at Bedford. It serves the population is located  in the city centre on All Hallows .

 

Religious Places

Christian Churches

  • The Civic and County Church of St Paul's 
  • The Church of St Peter's
  • Four churches from the New frontiers network
  • Polish and Italian Roman Catholic churches 
  • LDS (Mormon) meeting houses
  • Numerous independent churches

 

There are many Sikh temples in Bedford with one of them being in Kempston. It also houses temples of Guru Ravidass and Valmiki.

The following communities also meet in Bedford:

  • Quaker
  • Jehovah’s Witness
  • Wiccan

 

 

Filmography

  • During the 1970’s BBC TV aired the series “Some Mothers Do 'Ave 'Em” in and around Bedford.
  • In the 2005 “Batman Begins” movie some scenes were shot at the Cardington Sheds near Bedford . It’s sequel , 'The Dark Knight', was also partially filmed at the sheds using the fake working name 'Rory's First Kiss'
  • In the 2006 Comedy Central version of Outsourced, a good natured Bedfordian played a comic role in "I'm From England".

People from Bedford

  • John Bunyan – Author of “The Pilgrims Progress”
  • John Howard – Sherriff of Bedfordshire
  • John Oliver – Comedian
  • Joe Bugner – Heavyweight Boxer
  • Monty Panesor – Cricketer
  • Will Smith – Cricketer

 

 

 

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