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 York
27-12-2022
£5494.00
MoV® Foundation & Practitioner 4 days York
29-12-2022
£5494.00
MoV® Foundation & Practitioner 4 days York
03-01-2023
£4394.00
MoV® Foundation & Practitioner 4 days York
04-01-2023
£4394.00
MoV® Foundation & Practitioner 4 days York
13-03-2023
£4394.00
MoV® Foundation & Practitioner 4 days York
03-04-2023
£4394.00
MoV® Foundation & Practitioner 4 days York
11-04-2023
£4394.00
MoV® Foundation & Practitioner 4 days York
02-05-2023
£4394.00
MoV® Foundation & Practitioner 4 days York
30-05-2023
£4394.00
MoV® Foundation & Practitioner 4 days York
13-07-2023
£4394.00

About York

York is a historic walled city at the meeting point of the rivers Ouse and Foss in North Yorkshire, England. The municipality is the old county town of Yorkshire to which it gives its name. The city has a rich legacy and has provided the venue for main political events in the UK throughout much of its two millennia of existence. The city offers a number of the wealth of historical attractions, of which York Minster is the most prominent, and diversity in cultural and sporting activities making it a popular tourist destination for millions.

In the 19th century, York became a centre of a confectionery manufacturing centre and the railway network. In recent decades, the York’s economy has risen from being dominated by its confectionery and railway-related industries to one that provides services.

Early history

Archaeological evidence recommends that Mesolithic people settled in the area of York between 8000 and 7000 BC, although it is not recognized whether their settlements were temporary or permanent. By the time of the Roman conquest of Britain, the area was occupied by a tribe known to the Romans as the Brigantes.

Governance

Parliamentary constituencies

From the year 1997 to 2010 the central part of the district was covered by the City of York constituency, while the remaining was divided between the constituencies of Ryedale, Selby, and Vale of York. These constituencies were represented by  John Grogan, Hugh Bayley, John Greenway and Anne McIntosh respectively.

Demography

The population of the York urban area was a 137,505 with 66,142 males and 71,363 females in 2001. The urban population was increased to 153,717 at the time of 2011 UK census. Also at the time of the  UK census in 2001, the City of York had a total population of 181,094 which includes 93,957 were female, and male were 87,137. Of the 76,920 households in York, married couples living together were 36.0%, one-person households were 31.3%, Cohabiting couples were 8.7%, and 8.0% were lone parents.

Economy

York's economy is depended on the service industry, which in 2000 was responsible for 88.7% of employment in the city. The service industries include education, health,  finance, information technology (IT), public sector employment,  and tourism that provides 10.7% of employment.

 

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