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 Carlisle
27-12-2022
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
29-12-2022
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
03-01-2023
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
04-01-2023
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
13-03-2023
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
03-04-2023
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
11-04-2023
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
02-05-2023
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
30-05-2023
£5494.00
MoV® Foundation & Practitioner 4 days Carlisle
13-07-2023
£5494.00

About Carlisle

Carlisle, a city in Cumbria, is also the managerial centre of the City of Carlisle region in North West England. It is the main settlement in the county of Cumbria and helps as the managerial centre for both Carlisle City Council and Cumbria County Council. At the time of the 2001 survey, the population of Carlisle was 71,773. In 2011, the city's population had increased to 75,306, with 107,524 in the wider city.

The early history of Carlisle is noticeable as a Roman payment, recognised to serve the forts on Hadrian's Wall. In the Middle Ages, because of its nearness to the Realm of Scotland, Carlisle industrialised meaningfully. The armed stranglehold, Carlisle Castle, was built in 1092 by William Rufus, and once added as a custodial for Mary, Queen of Scots. The castle now relatives the Duke of Lancaster's Regiment and the Border Regiment Museum. In the 12th century, Henry I allowed the building of a priory in Carlisle. The town produced the rank of a city when its diocese was formed in 1133, and the cloister industrialised Carlisle Cathedral.

Governance:

Carlisle has detained city status since the Middle Ages. Also, it kept its status as an area constituency or governmental borough for centuries, at one time returning two MPs. In 1835 it became a municipal borough and was later upgraded to a  borough status in 1914. The city's boundaries have changed several times since 1835 the final time in 1974. 

The municipal area surrounded many parts of parishes which were combined into a single civil parish of Carlisle in 1904. The currently present urban area is considered as an unparished area. Carlisle had in 2002 made an unsuccessful attempt to grow to a Lord Mayoralty. An iconic building that stands tallest in Carlisle may be demolished, and the area nearby to it rehabilitated.

Climate:

Carlisle practices an oceanic climate. In January 2005 Carlisle was hit by strong wind storms and torrential rains. On Saturday 8 January 2005 all roads into Carlisle were shut owed to severe flooding, the worst since 1822, which produced three deaths. Less severe but still significant flooding occurred in 2009, but due to Storm Desmond. Carlisle experienced even worse flooding than 2005 between Friday 4 and Sunday 6 December 2015. During this time, nearly 36 hours of nonstop precipitation broke flood defences. This left several areas submerged including Bitts Park, Hardwicke Circus and Warwick Road. This left the famous Sands Centre, stranded from the rest of the city. As several other areas of Cumbria were also severely pretentious, all trains to Scotland were postponed forever. The trains on the West Coast Principal went no further than Preston. Prime Minister David Cameron stayed the city on 7 December 2015 to measure the damage.

More