A Quick Glance

  • black-arrow

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

  • black-arrow

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

  • black-arrow

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

  • black-arrow

    Give you a way of addressing reasonable advantage by adding value

  • black-arrow

    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
More

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.

More

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
More

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%

 

More

  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
More


MoV® Foundation & Practitioner Schedules

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

About Bolton

The name Bolton originates from bothl-tun with the name Boelton being first used in 1185 AD. The town acquired different names such as Bothelton  and  Boulton, and finally Bolton (1307). The towns motto means “overcome difficulties”.

Bolton is located in North West England. Since the 14th century it was one of the largest and most productive centers of cotton spinning in the world due to the settlement of Flemish weavers. It reached its zenith in the beginning of the 20th century. However, towards the fag end of the 20th century, the scenario changed. The cotton industry came to an end virtually if not physically.

The various smaller towns and villages around Bolton form the Metropolitan Borough of Bolton.

History

Bolton, part of Lancashire, came up as a small settlement in the moorland and was known as Bolton le Moors. At the time of the English Civil War, it was a political outpost in a staunchly Royalist region. This resulted in an attack by 3,000 Royalist troops led by Prince Rupert of the Rhine in 1644. 1,600 residents were killed and 700 taken prisoners in what came to be known as the Bolton Massacre.

Transport

Bolton is connected by local road as well as national routes. The A6  is a major north–south trunk road that passes to the west. The A666 dual carriageway, is an offshoot from the M61/M60 motorway interchange. The M61 has three dedicated stops.

Bolton is served by a network of local buses  coordinated by Transport for Greater Manchester. The bus station on Moor Lane was scheduled to be replaced by a new interchange in the town centre  by the end of 2014, at a cost of £48 million.

Bolton Interchange  was served by Virgin West Coast trains passing through Manchester Piccadilly station. Managed by Northern, the station is part of a town-centre transport interchange. It provides services to many stations  are operated by  TransPennine Express and Northern trains.

Sports

Bolton is home to various sports such as Football, Hockey and Cricket. Bolton Wanderers F.C. play football in the English League club. The Bolton Wanderers was formed in 1874 and they played at Burnden Park for 102 years. In 1997, it moved to the Reebok Stadium. The club has won four FA Cups, the last one being in 1958. The club has 73 seasons in the top division of the English league – most by any team.

Bolton Hockey Club has men and women in its teams and there are junior as well as regular teams with more than 120 playing members. The town also has two local cricket leagues, the Bolton Cricket League, and the Bolton Cricket Association.

 

More