A Quick Glance

  • black-arrow

    Supplement current management practices to increase the value delivered and make better use of resources

  • black-arrow

    Give you a way of addressing reasonable advantage by adding value

  • black-arrow

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

  • black-arrow

    Provide a way to define aims and scope clearly regarding the organisation’s and end users’ short and long term needs

  • black-arrow

    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
More

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.

More

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
More

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

More

  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

 

More


MoV® Foundation Schedules

Course Name Duration Dates Price
MoV® Foundation 2 days Northampton
21-12-2020
£2744.00

About Northampton

Northampton

Northampton is the county town of Northamptonshire, England. It is located on the river Nene, that is about 67 miles north-west of London and 50 miles south-east of Birmingham. In the 2011 census, the estimated population was about 212,100.

Administration

Politics

In 1295, the Northampton constituency was established, that returned two MPs to the House of Commons. In 1796, Spencer Perceval was elected as MP for the constituency and became Prime Minister of the UK in 1809.

Local Government

Northampton Borough Council is the borough council and non-metropolitan district that is responsible for the local government in Northampton. The council adopted the cabinet and leader decision- making a model. It consists of 45 councillors who represent 33 wards in the town that is overseen by a mayor. Currently, it is controlled by Conservative Party and is led by Mary Markham since her election in 2015. Northampton Guildhall is the main council building.

Health Services

NHS Northampton guides primary care services in the town as it directly provides adult social care and services in the community. In 1744, Northampton General Hospital was founded which is an NHS trust hospital to provide healthcare to the local community.

NHS’s East Midlands Ambulance Service is responsible for the provision of statutory emergency services in Northampton.

Climate

As with the rest of the British Isles, Northampton practices a nautical weather with cool summers and slight winters. The official Met Office climate station for Northampton is the Moulton Park Climate Position at the University of Northampton. Located at a promotion of around 130 m (427 ft.) above sea level likened to Northampton Town Centre at 50 to 60 m (164 to 197 ft.), it is one of the maximum points in the Borough, and so may not be a perfect picture of other parts of the town. Its summit site means less combining of cold air on calm, clear nights, and lower maxima during summer. The total maximum logged is 34.7 °C (94.5 °F) on 3 August 1990. A high of 34.4 °C (93.9 °F) was logged on 19 July 2006. The total minimum is −16.8 °C (1.8 °F), logged during February 1986.

More