Management of Value (MoV) Practitioner 2 Days Training in Seoul
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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