COURSE DESCRIPTION:This 2-day interactive MoV Practitioner course
provides a modular and case-study-driven approach to learning
Management of Value (MoV). The core knowledge is structured and
comprehensive; and well-rounded modules cover the methodology and
various techniques. A case study is used to help appreciate the
relevance of MoV in its practical application.
COURSE TOPICS:
● Function Analysis
● Customer FAST Diagram
● Value Tree Development
● Weighting Attributes
● Paired Comparisons
● Developing a Value Profile
● Developing a Value Index
● Value for Money Ratio
● Stimulating Innovation
● Value Engineering
● Option Evaluation and Selection
● Evaluation Matrix
● Value and Value for Money
● Timing and Planning
● Teams and Stakeholders
● MoV in the Organization
● Integrating with Best Management Practice
● Relationship between Process and Approach
LEARNING GOALS:
● Apply Management of Value (MoV) principles, processes and
techniques, and advocate the benefits of this application
appropriately to the senior Management.
● Develop a plan of MoV activities for the whole lifecycle
of small and large projects and programs.
● Plan an MoV study, tailoring it to particular projects or
programs and developing practical study or workshop handbooks as
required.
● Understand and articulate value in relation to
organizational objectives.
● Prioritize value drivers using function analysis and use
these to demonstrate how value might be improved.
● Quantify monetary and non���monetary value using
the Value Index, Value Metrics and the Value for Money ratio.
● Describe and comment on the application of various
techniques relevant to MoV.
● Monitor improvements in value realized throughout a
project lifecycle and capture learning which can be transferred to
future projects.
● Offer suggestions and guidance about embedding MoV into
an organization, including policy issues, undertake a health check,
assess maturity and competence, and provide guidance on typical roles
and responsibilities.
● Understand and articulate the use of MoV within other
Best MANAGEMENT PRACTICE METHODS AND ITS CONTRIBUTIONS TO THEM.
COURSE AGENDA:
DAY 1
● MoV practical exercises
● Recap Day 1
DAY 2
● MoV practical exercises ctn.
● MoV discussion topics
● Recap Day 2
WHO CAN ATTEND?
The course will be of benefit to all levels of management including:
● Corporate Managers – responsible for instigating MoV
studies with a view to starting new programmes or projects
● Programme Managers – responsible for making sure
programmes deliver the best value solutions taking into account the
views of the stakeholders
● Project Managers – responsible for delivering products
from their projects that represent the best value for money solutions
● Operational Managers – responsible for undertaking MoV
studies to assist in reviewing operational procedures and improving
efficiency
● All other personnel who have an interest or
responsibility for Management of Value within their organisation
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29/01/2020 Last update