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 Schedules

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

About Watford

Watford is a town located in Hertfordshire, England, located 17 miles  to the northwest of central London .

The town developed on the River Colne on land that belonged until the 16th century to St Albans Abbey . During the 12th century a charter was granted allowing a market and building St Mary's Church began. The town grew modestly. It was assisted by travellers passing through to Berkhamsted Castle and the royal palace at Kings Langley. A big house was built at Cassiobury in the 16th century. This was partly rebuilt in the 17th century and another substantial house was built nearby at The Grove. Connections with the Grand Junction Canal and the London and Birmingham Railway  allowed the town to grow more rapidly. The paper-making mills, such as John Dickinson and Co. at Croxley, influencing the development of printing in the town which continues today. Two brewers Benskins and Sedgwicks flourished in the suburb until their closure in the late 20th century.  Both the 2006 World Golf Championship and the 2013 Bilderberg Conference took place at The Grove.

Watford is first cited in an Anglo-Saxon charter of 1007 as one of the places marking the boundary of "Oxanhaege".

The Industrial revolution

For many centuries, Watford relied on  agriculture. The Industrial Revolution brought the Grand Junction in 1798 and the London and Birmingham Railway in 1837. The land-owning interests permitted the canal to follow closely by the river Gade. Although the road and canal follow the easier valley route, the railway company was forced to build an expensive tunnel.

Parks

There are 43 public parks, gardens, recreation grounds and allotments in Watford. Of these, eight have been awarded a Green Flag, in recognition of their quality.

·        Cassiobury Park

·        Cheslyn House and Gardens

·        Woodside Park

Theatres

·        Watford Colosseum

·        Watford Palace Theatre

·        The Pump House

Sports

Watford is home to professional football team Watford F.C., who reached the 1984 FA Cup Final. They won the Nationwide Division Two championship in 1998. In  the following season (1998–99) they reached the Premier League. The club was relegated the next season. After five years of uncertainty, Watford won the Football League Championship Play-Off Final. This helped them  achieve promotion to the Premier League in 2006, this time beating Leeds United A.F.C. by three goals to nil. The club was relegated to the Football League Championship after a single season (2006–2007) in the Premier League. They were promoted to the Premier League in 2015, after finishing 2nd in the Championship. Singer-songwriter Sir Elton John is a keen, long-term supporter of Watford F.C. and a former club chairman. He still maintains his links with Watford as Honorary Life President. Between 1997 and 2013 the club shared its ground, Vicarage Road, with Saracens Rugby Football Club.

Watford has a Non-League football team Sun Sports F.C. who play at The Sun Postal Sports & Social Club. Watford were home to the Watford Cheetahs American Football team. The team  played their home games at Fullerians R.F.C. between 2008 and 2012. Glen Rovers, are another team who  play both Hurling and Gaelic Football in Watford. The town also has a cricket team, Watford Town, and several Sunday League football clubs.

 

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