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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    Give you a way of addressing reasonable advantage by adding value

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

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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

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

This two-day training of Management of Value (MoV®) Foundation will teach delegates with a clear understanding of the guidance planned to help maximise value within the achievement of programme and project objectives and the delivery of essential stakeholder requirements.

This interactive MoV® Foundation course offers a modular and case-study-driven method to learning Management of Value (MoV®).  The core knowledge is planned and complete, and well-rounded modules cover the methodology and numerous techniques.

Who should take this course

  • Corporate Managers – responsible for starting new programs or projects
  • Operational Managers – responsible for undertaking MoV studies to help in reviewing operational procedures and enhancing efficiency
  • Program Managers – responsible for making sure that programs deliver the best value solutions taking into account the views of the stakeholders
  • Project Managers – responsible for providing products from their projects that signify the best value for money solutions
  • Any other professionals who have an interest or 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 domain and also, those who wish 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

  • Enable effective consultation and engagement with stakeholders and end users
  • Increase benefits, decrease expenditure and speed up delivery without affecting essential project scope or quality of service
  • Enable more effective delivery by employing fewer resources to better effect.
  • The primary processes and techniques used in the MoV and the reasons for using them
  • How MoV may be applied at portfolio, project, program, and operational levels
  • Deliver more relevant outcomes less expensively.
  • Understand how to measure and audit value, taking into account benefits such as monetary and non-monetary and attaining an ideal balance between them, thus demonstrating optimum value has been achieved.
  • Study the differences in using MoV at different stages in a project
  • Study the expected outputs at each stage
  • The conditions under which MoV should be used
  • Know  how value can be enhanced
  • Supports sustainable decision making, depends upon adding value, by addressing both monetary and non-monetary factors
  • Allows delegates to enhance the value they deliver and uses resources in much better way
  • Understand the approaches for implementing MoV effectively
  • Learn how to respond to external and internal influences
  • Learn about principles of embedding MoV into a business
  • The main benefits arises from the use of MoV
  • The key topics in document checklists, health check,  toolbox, organisational maturity and personal competence.
  • Encourages innovation that is well aligned to the organisation’s goals
  • Get optimal balance between investment and long-term operating expenditure
  • Learn the better way to respond to both external and internal
  • Allows delegates to increase the value they deliver and use resources in much better way make better use of resources
  • Know the best way to respond influences either external or internal
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What's included

  Course Overview

MoV® aimed at improving benefits and reducing the cost to speed up the delivery without affecting vital project scope or service quality. It is not just about reducing the costs.

The MoV® is essential to effective policy making, projects, programs, service reviews or redesigning of products redesigns. Therefore MoV is important to Business as usual and P3M environments, providing an audit trail of how ideal value can be achieved. It captures fundamental stakeholder necessities for what products should do rather than what they are.

MoV® provides a definition of value that includes both monetary and non-monetary. It also provides a method, supported by numerous techniques, for assigning small funds as efficiently as possible.

 

Benefits of MoV

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  Course Content

Introduction to MoV®

  • Define Value
  • Understand MoV®
  • Need of MoV®
  • Relationship To Other Methods of Management Methods

7 Principles of MoV®

  • Align With Organisation's Objectives
  • Focus On Functions and Required Outcomes
  • Balance The Variables to increase Value
  • Apply during the course of The Investment Decision
  • Tailor To Suit The Subject
  • Learn From Past Experience and Improve Performance
  • Assign Roles and Responsibilities
  • Build a Supportive Culture

MoV® Approach and Implementation

  • Describe generic process around which a study can be structured
  • Description of the relationships between the MoV study leader and the rest of the team

MoV® Environment

  • Description of the external and internal factors that affect MoV policies and strategies
  • Description of the considerations for the portfolio, programme, project and operational environments

MoV® Embedding

  • Overview of the embedding process
  • 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

Common techniques used in 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

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

MoV® Techniques

  • Methods unique to MoV®
  • Methods that can be used within MoV®
  • 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

Approach to Implementation

    • Generic approach to MoV implementation
    • Plan the MoV activities
    • Understand and articulate value
    • Prioritize value
    • Improve value
    • Quantify value
    • Monitor improvements in value

 

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MoV® Foundation Enquiry

 

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Reach us at 02036 039666 or info@pentagonit.co.uk for more information.

About Dublin

Dublin

Dublin is the largest city and capital of Ireland. Dublin is located in Leinster province on the east coast of Ireland at River Liffey mouth. The Urban population of the Dublin is 1,345,402. The population of Greater Dublin Area according to 2016 is 1,904,806. After the Invasion, of Normans, Kingdom of Dublin became a principal city of Ireland. Dublin expanded rapidly in the 17th century and is the second largest town in British Empire. Dublin became the capital of Irish Free State after the partition of Ireland in 1922.

City council administers Dublin. It is listed by World Cities Research Network and Globalization as a global city with a ranking of Alpha. Dublin is historic and a major centre for arts, education, industry, administration and economy.

History

During 18th century, Dublin city grew more rapidly because many districts and buildings were added. Districts added was Merrion Square, Royal Exchange and Parliament House. In 1757 beginnings of City Corporation was created. In 1759, Ireland’s famous Guinness Stout was first brewed. In 1779 Grand Canal was built and in 1786 police force was established. At the end of the century, Kilmainham Goal and O Connell Bridge was built. The population was grown to 180,000 in 1800. Overpopulation brought poverty and diseases.

In 19th-century street lighting was introduced in Dublin.  Dublin suffered economic as well as political decline. Things changed rapidly in the 20th century with 1916 Easter Rising.  Dublin was setting for many significant events during Irish struggle for independence. In mid-1990’s economic boon in Dublin brought massive expansion and development to the city. It included the creation of Dublin’s new landmarks, Spire monument on O Connell Street. Dublin is the only largest conurbation in Ireland. In Greater Dublin Area  1.2 million people live. This area population comprises 28% of country’s total population.

The boom brought many new ethnic groups in the city and created an international feel in the north inner city.

Economy

Ireland Economic Centre is Dublin. During Celtic Tiger period in 2009, Dublin was at the forefront of country’s economic expansion. Dublin is listed as the fourth richest city in the world by power and 10th richest by personal income. It is also a 13th most expensive city in the European Union and 58th expensive place to live in the world. Around 800,000 people employed in Greater Dublin Area. Out of this population, 600,000 were employed in the service sector and 200,000 in an industrial sector.

Various traditional industries in Dublin like food processing, brewing, textile manufacturing and distilling declined. In 1990’s Dublin attracted a various global information, communications and pharmaceutical technology companies. Companies like Amazon, Google, Paypal, Microsoft, Facebook, Twitter, Accenture, Yahoo!, eBay and Pfizer now have headquarters and operational bases in Dublin.  Various enterprise clusters like Silicon Docks and Digital Hub are located in this city.

After the establishment of Dublin’s International Financial Services Centre in 1987, financial services became important to Dublin. Under IFSC programme, 500 operations were approved. This centre is also host to world’s top 20 insurance companies and top 50 banks. Various international firms established their headquarters in a city like Citibank and Commerzbank. Irish Enterprise Exchange, Internet Neutral Exchange and Irish Stock Exchange are located in Dublin.

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