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 Worcester

Worcester is one the main city in Worcestershire, United Kingdom, which is 31 miles (approx 50 km) south-west of Birmingham and 27 miles (approx 43 km) north of Gloucester. The population of Worcester is 100,000 approximately. The River Severn at the city’s western part, which is ignored by the Worcester Cathedral in 12th-century .

The well-known Battle of Worcester was the concluding battle of the English Civil War, In which army of Oliver defeated King Charles I's Cavaliers. It is known as the home of Royal Worcester Porcelain, composer Edward Elgar, Lea & Perrins, the University of Worcester and makers of traditional Worcestershire sauce.

History of Worcester

The trade route past of this city which at final stage formed as part of the Roman Ryknild Street from the times of Neolithic. The position commanded a ford over the River Severn and was fortified by the Britons in 400 BC.

Geography

Famous suburbs in Worcester are Blackpole, Barbourne Cherry Orchard, Claines, Ronkswood, Red Hill, St Peter the Great, Warndon, Tolladine, Northwick, Diglis, and Warndon Villages (which was main housing development in UK when this area was being built in the late 1980s and get completed in the very early 1990s).

Economy

The city of Worcester, situated on River Severn and with transport links to Birmingham and other different parts of the Midlands through the vast canal network, became a significant centre for many light industries. The last part Victorian period had witnessed the growth of iron founders, like Hardy & Padmore, McKenzie & Holland and Heenan & Froude.

Glove industry

Glove making was one of the flourishing industries of Worcester. Worcester's Gloves industry peaked from 1790 to 1820 when 150 companies employed about 30 thousand people. At this point of time, approximately 50 percent of the Glove Manufacturers of UK were located in Worcestershire.

Landmarks

The most well-known landmark in Worcester is Anglican Cathedral. Before the English Reformation, the current building known as Worcester Priory is officially named as The Cathedral Church of Christ and the Blessed Virgin Mary. Construction began in 1084 while its crypt dates from the 10th century. The chapter house is only circular one in the country while the cathedral also has the difference of having the tomb of King John.