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 Enquiry

 

Enquire Now


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Reach us at +44 1344 961530 or info@pentagonit.co.uk for more information.

About Poole

Poole

Poole is situated on the south coast of England in the county of Dorset. It is also treated as a seaport and a large coastal town. Poole is 33 km east of Dorchester and also joins Bournemouth in the east. In 1997 local Council Borough of Poole was made a unitary authority. It gained its administrative independence from Dorset County Council. According to 2011 Census, Borough had a population of 147,645. This population made it second largest town in Dorset.

Along with Bournemouth and Christchurch, town forms South East Dorset Conurbation. It had a total population of over 465,000.

Human settlement in Poole started back before the Iron Age. Town’s name was earliest recorded in the 12th century when town emerged as an important port. With the introduction of wool trade, this town prospered. The Later city developed significant trade links with North America. During the 18th century, it was one of the busiest ports in Britain. During Second World War, Poole was main departing ports for Normandy landings.

Poole is also a tourist resort that attracts many visitors. Poole is popular due to its natural harbour, incredible history, Lighthouse arts centre and Blue Flag beaches. Royal National LifeBoat Institution headquarters are also located in Poole. Royal Marines have a base in town’s harbour. Poole is also home to Arts University Bournemouth, an important part of Bournemouth University and Bournemouth Symphony Orchestra.

History

During the 19th century, there was a coastal trade to and from Poole. Trade declined rapidly when the railway was built to Hamworthy side of the bridge. People in business were now able to transport goods to and from Poole with the help of rail. In 1872 another railway was built in the middle of the Poole. During 19th century life in Poole improved. In 1887 first public library was opened. In 1890 Poole Park was opened, and in the same year, Parkstone Park was opened.

In novels of Gullivers Travels, Lilliput was the name of the land. According to some information, there was a house called Lilliput. This house existed at beginning of 19th century, and this gave this area a name Lilliput.

Electric trams started running during 1901 through the streets of the Poole, but then buses replaced them. In 1935 last trams ran in Poole.

In 1910 first cinema in Poole was opened. Municipal offices at Poole were built in the year 1932. The population of Poole was 19,000 in the 20th century, but later it grew at a phenomenal rate. Old industries of brick making, brewing and shipbuilding decline during the 20th century. Pottery industry survived somehow. In 1969 Dolphin Centre was opened. Poole general hospital was opened in 1969. In 1974 Poole Lifeboat Museum was opened. In 1978 Arts Centre was opened. Poole became a unitary authority in the year 1997. In the 21st century, Poole has become a Pottery Centre which made it an attractive tourist destination. Today Poole flourishes on Tourism. In 2007 Poole Museum was reopened. Present Population of Poole is 138,000.

 

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