MoV® Foundation & Practitioner

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+44 1344 961530

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info@pentagonit.co.uk

Introduction
Course Details
Course Content
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A Quick Glance

Supplement current management practices to increase the value delivered and make better use of resources
Endorses sustainable decision making, depending on adding value, by addressing both monetary and non- monetary factors
Increase value in line with the programme, project objectives and key stakeholder requirements
Give you a way of addressing reasonable advantage by adding value
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

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.

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

Exam(s) included

Certificate

Tutor Support

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%

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

MoV® Foundation & Practitioner Enquiry

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

About Carlisle

Carlisle, a city in Cumbria, is also the managerial centre of the City of Carlisle region in North West England. It is the main settlement in the county of Cumbria and helps as the managerial centre for both Carlisle City Council and Cumbria County Council. At the time of the 2001 survey, the population of Carlisle was 71,773. In 2011, the city's population had increased to 75,306, with 107,524 in the wider city.

The early history of Carlisle is noticeable as a Roman payment, recognised to serve the forts on Hadrian's Wall. In the Middle Ages, because of its nearness to the Realm of Scotland, Carlisle industrialised meaningfully. The armed stranglehold, Carlisle Castle, was built in 1092 by William Rufus, and once added as a custodial for Mary, Queen of Scots. The castle now relatives the Duke of Lancaster's Regiment and the Border Regiment Museum. In the 12th century, Henry I allowed the building of a priory in Carlisle. The town produced the rank of a city when its diocese was formed in 1133, and the cloister industrialised Carlisle Cathedral.

Governance:

Carlisle has detained city status since the Middle Ages. Also, it kept its status as an area constituency or governmental borough for centuries, at one time returning two MPs. In 1835 it became a municipal borough and was later upgraded to a borough status in 1914. The city's boundaries have changed several times since 1835 the final time in 1974.

The municipal area surrounded many parts of parishes which were combined into a single civil parish of Carlisle in 1904. The currently present urban area is considered as an unparished area. Carlisle had in 2002 made an unsuccessful attempt to grow to a Lord Mayoralty. An iconic building that stands tallest in Carlisle may be demolished, and the area nearby to it rehabilitated.

Climate:

Carlisle practices an oceanic climate. In January 2005 Carlisle was hit by strong wind storms and torrential rains. On Saturday 8 January 2005 all roads into Carlisle were shut owed to severe flooding, the worst since 1822, which produced three deaths. Less severe but still significant flooding occurred in 2009, but due to Storm Desmond. Carlisle experienced even worse flooding than 2005 between Friday 4 and Sunday 6 December 2015. During this time, nearly 36 hours of nonstop precipitation broke flood defences. This left several areas submerged including Bitts Park, Hardwicke Circus and Warwick Road. This left the famous Sands Centre, stranded from the rest of the city. As several other areas of Cumbria were also severely pretentious, all trains to Scotland were postponed forever. The trains on the West Coast Principal went no further than Preston. Prime Minister David Cameron stayed the city on 7 December 2015 to measure the damage.