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 Glasgow
05-06-2023
£5494.00

About Glasgow

Glasgow

Glasgow is largest city located in Scotland and third largest in the United Kingdom. Earlier, it was a part of Lanark shire which is now one of the 32 council areas of Scotland. Glasgow is located on River Clyde in country’s west central lowlands. People of Glasgow are referred as Glaswegians. Glasgow developed from a small rural settlement on River Clyde. Glasgow had become largest seaport in Britain. In the 18th century, it became a major centre of Scottish Enlightenment. From the 18th century, Glasgow has grown as one of the Great Britain’s central hub of trade including West Indies and North America. Glasgow focused on its heritage to attract tourists from various countries. Tourism is also a source of employment in Glasgow. In 1980, Hunter Ian Art Gallery was opened. In 1983, Collection of Burrel went on display in a museum in Pollock House grounds. In 1985, Scottish Exhibition and Conference centre was built. Clyde Auditorium was also added in 1997.

In the period of 1980’s and 1990’s, traditional manufacturing industries of Glasgow dropped. Service industries grew in Glasgow like retail, tourism and finance. In 1990 Glasgow School Museum of Education was opened. St Mungo's Museum of Religious Life and Art was opened in the year 1993. In 1999, Buchanan Galleries Shopping centre and Clyde Maritime centre was opened. In early 21st century, Glasgow thrived. IMAX cinema was opened in 2000 and Clyde Arc Bridge in 2006. At present, the population of Glasgow is 588,000.

Education

Glasgow has four universities within 1.5km area of city centre. These universities are a major centre of academic and higher research. Name of the Universities are:

University of Glasgow

University of Strathclyde

Glasgow Caledonian University

The University of West of Scotland

Saltire centre located at Glasgow Caledonian University is one of the busiest university libraries in the UK. Three further education colleges are there in the city that includes Royal Conservatoire of Scotland, Glasgow School of Art and Teacher training courses. In 2011 Glasgow had around 53,470 students which is higher than any other town in Scotland. Many live away from home in Dennistoun, Shawlands and West End of City. City council handles 29 secondary schools, 149 primary schools and three special schools. Special schools including Glasgow Gaelic school, Glasgow school of sport and Dance school of Scotland. Glasgow has various independent schools like Hutchesons Grammar School which was founded in 1639. Hutchesons Grammar School is one of the oldest school institutions in Britain. The oldest school in Scotland are Glasgow Academy, Kelvinside Academy, High School of Glasgow, Fernhill School and Craigholme School.

Economy

Glasgow has the largest economy in Scotland and third highest GDP per capita of any city in the UK. The city itself provides 410,000 jobs in over 12000 companies. Between 2000 and 2005 around 153,000 jobs were created and growth rate reached 32%. The annual economic growth rate of Glasgow is 4.4% and is now second to London. Dominant industries like shipbuilding, heavy engineering gradually got replaced. Major manufacturing industries in the city are Clyde Blowers, Linn Products, William Grant and Sons, Aggreko, Weir Group, Whyle and Mackay, Albion Motors, British Polar Engines and Edrington Group. Glasgow was once a most important city in the UK for manufacturing which generated great wealth for the city. Glasgow is now the second most popular foreign tourist destination in Scotland. In the 21st century, some call centres in Glasgow grew substantially. City’s primary manufacturing industries include engineering, construction, shipbuilding, brewing and distilling, printing and publishing, chemicals, textiles and new growth sectors like software development, biotechnology and optoelectronics.

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