MoV® Practitioner

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+44 1344 961530

E-Mail Us

info@pentagonit.co.uk

Introduction
Course Details
Course Content
Enquire

A Quick Glance

Give you a way of addressing reasonable advantage by adding value
Endorses sustainable decision making, depending on adding value, by addressing both monetary and non- monetary factors
Provide a way to define aims and scope clearly regarding the organisation’s and end user’s short and long term needs
Supplement current management practices to increase the value delivered and make better use of resources
Increase value in line with the programme, project objectives and key stakeholder requirements

Management of Value (MoV®) Practitioner Training is a two-day training course will provide delegates with an understanding of the concepts which are designed to get maximum value within project objectives and the deliver projects 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 years. This course describes methods that are as important as ever, although their use is frequently ignored and misapplied.

Who should take this course

MoV® Practitioner course is focussed for those who have already done with the MoV® Foundation course. Also, delegates who wish to enhance their knowledge and develop their skills. Also, it will be beneficial for professionals such as:

Project Manager
Co-Operate Manager
Program Manager

Prerequisites

Delegates should have completed with MoV® Foundation course.

The primary processes and techniques used within MoV® and the reasons for using them
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.
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
How MoV® may be applied at portfolio, programme, project and operational levels
Get optimal balance between investment and long-term operating expenditure
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
Learn concept of value and how value may be improved
Understand benefits arising from the use of MoV®
Know Principle of implementing MoV® into an organisation
Encourages innovation that is well aligned to the organisation’s goals
Know about Approaches for implementing MoV®
The differences in implementing MoV® at variety of stages in a project and the expected outputs from a MoV® study at each stage
Know about circumstances under which MoV® should be used
Primary processes and techniques applied in the MoV and the reasons for using them

Tutor Support

Certificate

Course Overview

MoV® provides necessary knowledge on the most effective use of resources to maximise the benefits from programmes, portfolios, and projects. MoV is a combination of a set of principles, processes and techniques.The MoV® Practitioner course will upgrade the learning and knowledge the delegates get from MoV® Foundation course and includes further chances to use some of the techniques and concepts through practical demonstration. Management of Value (MoV®) has emerged from the tried and successful practice of value management across different sectors and over many years.

Our value management training course is aimed at all those involved in supporting, managing, delivering portfolios, directing, programmes and projects. MoV® is all about enhancing value in line with the programme and project objectives and the requirements of key stakeholder. It is not merely about minimising costs.

MoV® is focussed on improving benefits and reducing expenses to speed up the delivery without impacting 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.

Approaches to Implement

approach to implement MoV

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

Applying MoV® Methods

Implementing MoV®
Preparation of MoV® methods
External and internal factors
Assortment, Plan, and Project thoughts
Operational deliberations
Implanting MoV into an organisation

MoV® Techniques

New Techniques in MoV®
Techniques that can be implemented 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

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 MoV® Activities
Responding To External & Internal Factors
Portfolio, Programme & Project Considerations
Operational Considerations
Embedding MoV® Into An Organisation

MoV® Practitioner Enquiry

Enquire Now

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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.