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

About Plymouth

Plymouth

Plymouth is a city located on the south coast of Devon, England. Plymouth is 37 miles south-west of Exeter and 190 miles west south- west of London between river Plym and Tamar's mouths.

Throughout Industrial Revolution, Plymouth grew as commercial shipping port handling imports and passengers from America. Plymouth port also export local minerals like copper, lime, china, clay, tin and arsenic. Neighbouring town Devonport became Royal Naval Shipbuilding and dockyard town. In 1928 Plymouth achieved city status. In mid-2015, the city is home to 262,700 which makes it 30th most populous area in the United Kingdom. Plymouth is the second largest in Southwest after Bristol. Plymouth City Council governs Plymouth, and it is represented by three MP’s. The economy of Plymouth is influenced by seafaring and shipbuilding including ferry links to Spain and Brittany. In Western Europe large operational naval base HMNB Devonport is located. Plymouth is home to Plymouth University.

History

Plymouth had a population of 107,000 in the year 1901. In 1914 the two towns Devonport and Stonehouse were merged with Plymouth. Slum clearance started in Plymouth after World War 1. Slum housing was stopped and replaced by council housing in Swilly and New Prospect. By 1928, new 802 houses were built. In 1920 motor buses started in Plymouth and then got replaced by trams. Due to dockyard in Second World War Plymouth was a prime target for bombing. Around 3754 houses were damaged, and more than 8000 were severely damaged. Later slums were replaced with better flats and houses. Later in the 20th century, various houses were built at South way and Egg Buckland. In Plympton and Plymstock many private houses have been constructed. In the 21st century, Plymouth is flourishing. Drakes Circus shopping was remade in 2006, and now the population of Plymouth is 240,000.

Education

The University of Plymouth has enrolled around 23,155 students as of 2015 and 2016. It has 3000 staff and income of around £160 million. Main courses in it include business, marine biology, marine engineering, shipping and much more. The University of St Mark and St John was also known as Marjon or Marjons have expertise in teacher training. These universities offer various training courses across the country as well as abroad. This city is also home to two other large colleges. City College of Plymouth provides courses from basic to foundation degree for various students. Plymouth College of Art offers courses on media. It is only one of the four independent colleges of art and design in the UK.

There are 71 state primary phase schools in Plymouth and 13 state secondary schools. Plymouth has eight special schools, three selective state grammar schools and independent school.

This city is also home to Royal Naval Engineering College that was opened in 1880 in Keyham. It was renamed Dockyard Technical College in 1959. Later training was shifted to the University of Southampton. Marine Biological Association of UK is also located in Plymouth.

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