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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