MoV® Practitioner

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+44 1344 961530

E-Mail Us

info@pentagonit.co.uk

Introduction
Course Details
Course Content
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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 Warwick

Warwick is the region urban of Warwickshire, England. The town dishonesties upon the River Avon, 11 miles (18 km) south of Coventry and fair west of Lamington Spa and Whitnash with which it is touched. At the 2011 United Kingdom review, it had a populace of 31,345.

There was human action at Warwick as early as the Neolithic period, and continuous occupancy since the 6th century. It was a Saxon burh in the 9th century, Warwick Castle was recognised in 1068 as part of the Norman conquest of England. Warwick School rights to be the eldest boys' school in the country. The earldom of Warwick was formed in 1088, and the early restrained the town in the feudal period and constructed city walls, of which Eastgate and Westgate endure. The castle industrial into a stone stronghold and then a country house and is today a general tourist attraction.

Governance:

Population growth has led to Warwick flattering combined to its larger neighbouring town Lamington Spa with which its procedures a small city. The two cities are now along with Kenilworth and Whitnash. These are managed as part of Warwick District. Warwickshire County Council leftovers based in Warwick itself.

Warwick is signified in Parliament as part of the Warwick and Leamington electorate. It has been detained by the Conservative Party since the 2010 general election; since then, Chris White has been the constituency's Member of Assembly. From the 1945 general election until 1997 the electorate elected a Traditional MP. In 1997 a Labour MP was chosen and retained the seat until 2010 when White was chosen.

Geography:

Antiquarian William Dugdale wrote in the 17th century that Warwick was stand up upon a rocky climb from every side, and in a dry and fertile soil, consuming rich and pleasant fields on the south part and woodland on the north. Two issues have pretentious Warwick's constructed environment: the Great Fire of 1694 and the lack of industrialisation. The fire demolished much of the town, and the next transformation was mainly in one style. In the 19th century, when other cities were fast rising during the Industrial Rebellion, Warwick did not know the same development. Part of the reason Warwick did not grow as a centre of the industry was that the town did not lie on significant roads and the River Avon was not manoeuvrable as far as Warwick.

Culture:

Warwick crowds annual centenaries reaching from the Spoken Word to Classical and Modern Music to a Folk Festival and a Victorian Evening, detained in late November or early December. St. Mary's Church crowds a series of Early Music performances, and the Bridge House Theatre hosts the Music-in-Round performances. Warwick Chamber of Trade assistances to endorse the town for companies, inhabitants and traders. The city is also well-known for Warwick Castle, the building of which instigated in 1068. The city centre is also recognised for its significant building and covers a combination of Tudor and 17th-century buildings. In topical years several high-profile national and international businesses have set up large office developments in and around Warwick, notably National Grid plc. And IBM.