MoV®) Foundation | Pentagon Training

Call Us

+44 1344 961530

E-Mail Us

info@pentagonit.co.uk

Introduction
Course Details
Course Content
Enquire

A Quick Glance

Supplement current management practices to increase the value delivered and make better use of resources
Give you a way of addressing reasonable advantage by adding value
Increase value in line with the programme, project objectives and key stakeholder requirements
Provide a way to define aims and scope clearly regarding the organisation’s and end users’ short and long term needs
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

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.

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

Tutor Support

Certificate

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

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

MoV® Foundation Enquiry

Enquire Now

----- OR -------

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

About Glasgow

Glasgow

Glasgow is largest city located in Scotland and third largest in the United Kingdom. Earlier, it was a part of Lanark shire which is now one of the 32 council areas of Scotland. Glasgow is located on River Clyde in country’s west central lowlands. People of Glasgow are referred as Glaswegians. Glasgow developed from a small rural settlement on River Clyde. Glasgow had become largest seaport in Britain. In the 18th century, it became a major centre of Scottish Enlightenment. From the 18th century, Glasgow has grown as one of the Great Britain’s central hub of trade including West Indies and North America. Glasgow focused on its heritage to attract tourists from various countries. Tourism is also a source of employment in Glasgow. In 1980, Hunter Ian Art Gallery was opened. In 1983, Collection of Burrel went on display in a museum in Pollock House grounds. In 1985, Scottish Exhibition and Conference centre was built. Clyde Auditorium was also added in 1997.

In the period of 1980’s and 1990’s, traditional manufacturing industries of Glasgow dropped. Service industries grew in Glasgow like retail, tourism and finance. In 1990 Glasgow School Museum of Education was opened. St Mungo's Museum of Religious Life and Art was opened in the year 1993. In 1999, Buchanan Galleries Shopping centre and Clyde Maritime centre was opened. In early 21st century, Glasgow thrived. IMAX cinema was opened in 2000 and Clyde Arc Bridge in 2006. At present, the population of Glasgow is 588,000.

Education

Glasgow has four universities within 1.5km area of city centre. These universities are a major centre of academic and higher research. Name of the Universities are:

University of Glasgow

University of Strathclyde

Glasgow Caledonian University

The University of West of Scotland

Saltire centre located at Glasgow Caledonian University is one of the busiest university libraries in the UK. Three further education colleges are there in the city that includes Royal Conservatoire of Scotland, Glasgow School of Art and Teacher training courses. In 2011 Glasgow had around 53,470 students which is higher than any other town in Scotland. Many live away from home in Dennistoun, Shawlands and West End of City. City council handles 29 secondary schools, 149 primary schools and three special schools. Special schools including Glasgow Gaelic school, Glasgow school of sport and Dance school of Scotland. Glasgow has various independent schools like Hutchesons Grammar School which was founded in 1639. Hutchesons Grammar School is one of the oldest school institutions in Britain. The oldest school in Scotland are Glasgow Academy, Kelvinside Academy, High School of Glasgow, Fernhill School and Craigholme School.

Economy

Glasgow has the largest economy in Scotland and third highest GDP per capita of any city in the UK. The city itself provides 410,000 jobs in over 12000 companies. Between 2000 and 2005 around 153,000 jobs were created and growth rate reached 32%. The annual economic growth rate of Glasgow is 4.4% and is now second to London. Dominant industries like shipbuilding, heavy engineering gradually got replaced. Major manufacturing industries in the city are Clyde Blowers, Linn Products, William Grant and Sons, Aggreko, Weir Group, Whyle and Mackay, Albion Motors, British Polar Engines and Edrington Group. Glasgow was once a most important city in the UK for manufacturing which generated great wealth for the city. Glasgow is now the second most popular foreign tourist destination in Scotland. In the 21st century, some call centres in Glasgow grew substantially. City’s primary manufacturing industries include engineering, construction, shipbuilding, brewing and distilling, printing and publishing, chemicals, textiles and new growth sectors like software development, biotechnology and optoelectronics.